S 127 ISCommentsClose CommentsPermalink

113th CONGRESSCommentsClose CommentsPermalink

1st SessionCommentsClose CommentsPermalink

S. 127CommentsClose CommentsPermalink

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

IN THE SENATE OF THE UNITED STATESCommentsClose CommentsPermalink

January 24 (legislative day, January 3), 2013CommentsClose CommentsPermalink

Mr. HELLER (for himself and Mr. ENZI) introduced the following bill; which was read twice and referred to the Committee on FinanceCommentsClose CommentsPermalink

A BILLCommentsClose 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 FOR 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 205 of the American Taxpayer Relief Act of 2012, is amended by striking ‘, and before January 1, 2014’.CommentsClose CommentsPermalink





(b) Effective Date- The amendment made by this section shall apply to taxable years beginning after December 31, 2013.CommentsClose CommentsPermalink