S 2233 PCSCommentsClose CommentsPermalink

To provide a permanent deduction for State and local general sales taxes.CommentsClose CommentsPermalink

October 25, 2007

Mrs. HUTCHISON (for herself, Mr. CORNYN, Mr. ALEXANDER, and Mr. CORKER) introduced the following bill; which was read the first timeCommentsClose CommentsPermalink

October 26, 2007

Read the second time and placed on the calendarCommentsClose CommentsPermalink

To provide a permanent deduction for State and local general sales taxes.CommentsClose CommentsPermalink

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,CommentsClose CommentsPermalink

SECTION 1. PERMANENT EXTENSION OF DEDUCTION OF STATE AND LOCAL GENERAL SALES TAXES.

(a) In General- Subparagraph (I) of section 164(b)(5) of the Internal Revenue Code of 1986, as amended by section 103 of division A of the Tax Relief and Health Care Act of 2006, is amended by striking `, and before January 1, 2008'.CommentsClose CommentsPermalink





(b) Effective Date- The amendment made by this section shall apply to taxable years beginning after December 31, 2007.CommentsClose CommentsPermalink

Calendar No. 447CommentsClose CommentsPermalink

To provide a permanent deduction for State and local general sales taxes.CommentsClose CommentsPermalink

October 26, 2007