S.2362 - Property Tax Fairness Act of 2007

A bill to amend the Internal Revenue Code of 1986 to provide an additional standard deduction for real property taxes for nonitemizers. view all titles (2)

All Bill Titles

  • Official: A bill to amend the Internal Revenue Code of 1986 to provide an additional standard deduction for real property taxes for nonitemizers. as introduced.
  • Short: Property Tax Fairness Act of 2007 as introduced.

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Introduced
 
Senate
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House
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President
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11/15/07
 
 
 
 
 
 
 

Official Summary

Property Tax Fairness Act of 2007 - Amends the Internal Revenue Code to: (1) allow an additional standard tax deduction in 2007 or 2008 (available to taxpayers who do not itemize) for state and local real property taxes; and (2) include within the reporting requirements of investment broker

Official Summary

Property Tax Fairness Act of 2007 - Amends the Internal Revenue Code to:
(1) allow an additional standard tax deduction in 2007 or 2008 (available to taxpayers who do not itemize) for state and local real property taxes; and
(2) include within the reporting requirements of investment brokers the adjusted basis of any security owned by customers of such brokers.

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