S 23 ISCommentsClose CommentsPermalink

To amend the Internal Revenue Code of 1986 to permanently extend the election to deduct State and local sales taxes.CommentsClose CommentsPermalink

January 7, 2009CommentsClose CommentsPermalink

Ms. CANTWELL (for herself, Mr. ENSIGN, Mrs. MURRAY, Mr. REID, Mr. ALEXANDER, and Mr. NELSON of Florida) introduced the following bill; which was read twice and referred to the Committee on FinanceCommentsClose CommentsPermalink

To amend the Internal Revenue Code of 1986 to permanently extend the election to deduct State and local 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 ELECTION TO DEDUCT STATE AND LOCAL SALES TAXES.

Subparagraph (I) of section 164(b)(5) of the Internal Revenue Code of 1986 is amended by striking ‘, and before January 1, 2010’.CommentsClose CommentsPermalink