S. 127: A bill to provide a permanent deduction for State and local general sales taxes.
113th Congress, 2013–2015. Text as of Jan 24, 2013 (Introduced).
Status & Summary | PDF | Source: GPO
S 127 IS
113th CONGRESS
1st Session
S. 127
To provide a permanent deduction for State and local general sales taxes.
IN THE SENATE OF THE UNITED STATES
January 24 (legislative day, January 3), 2013
January 24 (legislative day, January 3), 2013
Mr. HELLER (for himself and Mr. ENZI) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To provide a permanent deduction for State and local general sales taxes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
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’.
(b) Effective Date- The amendment made by this section shall apply to taxable years beginning after December 31, 2013.