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HR 412 IH
111th CONGRESS
1st Session
H. R. 412
To amend the Internal Revenue Code of 1986 to allow the deduction for property taxes in determining the amount of the alternative minimum taxable income of any taxpayer (other than a corporation).
IN THE HOUSE OF REPRESENTATIVES
January 9, 2009
Mr. ISRAEL introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to allow the deduction for property taxes in determining the amount of the alternative minimum taxable income of any taxpayer (other than a corporation).
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
SEC. 2. DEDUCTION FOR PROPERTY TAXES ALLOWED IN DETERMINING INDIVIDUAL ALTERNATIVE MINIMUM TAXABLE INCOME.
(a) In General- Clause (ii) of section 56(b)(1)(A) of the Internal Revenue Code of 1986 (relating to general limitation on deductions applicable to individuals) is amended by striking ‘(1), (2), or’.
(b) Effective Date- The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2008.
U.S. Congress - Text of H.R.412 as Introduced in House Homeowners Property Tax Relief Act of 2009
