< Back to H.R. 1601 (112th Congress, 2011–2013)

Text of the Tax Cuts for America Act of 2011

This bill was introduced on April 15, 2011, in a previous session of Congress, but was not enacted. The text of the bill below is as of Apr 15, 2011 (Introduced).

Source: GPO

I

112th CONGRESS

1st Session

H. R. 1601

IN THE HOUSE OF REPRESENTATIVES

April 15, 2011

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 permanently extend certain expiring provisions.

1.

Short title; Table of contents

(a)

Short title

This Act may be cited as the The Tax Cuts for America Act of 2011.

(b)

Table of contents

The table of contents for this Act is as follows:

Sec. 1. Short title; Table of contents.

Title I—Provisions relating to members of Armed Forces

Sec. 101. Permanent extension of employer wage credit for employees who are active duty members of the Uniformed Services.

Sec. 102. Treatment of military basic housing allowances with respect to qualified residential rental projects.

Title II—Provisions relating to education tax benefits

Sec. 201. Enhanced charitable deduction for contributions of book inventories to public schools made permanent.

Sec. 202. Deduction for certain expenses of elementary and secondary school teachers made permanent.

Sec. 203. Exclusion for employer-provided educational assistance made permanent.

Sec. 204. Deduction for qualified tuition and related expenses made permanent.

Sec. 205. Elimination of 60-month limit and increase in income limitation on student loan interest deduction made permanent.

Title III—State and local sales tax deduction

Sec. 301. State and local sales tax deduction made permanent.

I

Provisions relating to members of Armed Forces

101.

Permanent extension of employer wage credit for employees who are active duty members of the Uniformed Services

(a)

In general

Section 45P of the Internal Revenue Code of 1986 is amended by striking subsection (f).

(b)

Effective date

The amendment made by this section shall apply to payments made after December 31, 2011.

102.

Treatment of military basic housing allowances with respect to qualified residential rental projects

(a)

In general

Subsection (b) of section 3005 of the Housing and Economic Recovery Act of 2008 is amended to read as follows:

(b)

Effective date

The amendments made by this section shall apply to determinations made after the date of the enactment of this Act.

.

(b)

Effective date

The amendment made by this section shall take effect as if included in the enactment of section 3005 of the Housing and Economic Recovery Act of 2008.

II

Provisions relating to education tax benefits

201.

Enhanced charitable deduction for contributions of book inventories to public schools made permanent

(a)

In general

Subparagraph (D) of section 170(e)(3) of the Internal Revenue Code of 1986 is amended by striking clause (iv).

(b)

Effective date

The amendment made by this section shall apply to contributions made after the date of the enactment of this Act.

202.

Deduction for certain expenses of elementary and secondary school teachers made permanent

(a)

In general

Subparagraph (D) of section 62(a)(2) of the Internal Revenue Code of 1986 is amended by striking In the case of taxable years and all that follows through the deductions and inserting The deductions.

(b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2011.

203.

Exclusion for employer-provided educational assistance made permanent

Title IX of the Economic Growth and Tax Relief Reconciliation Act of 2001 shall not apply to section 411 of such Act, and the amendments made thereby.

204.

Deduction for qualified tuition and related expenses made permanent

(a)

In general

Section 222 of the Internal Revenue Code of 1986 is amended by striking subsection (e).

(b)

Not subject to EGTRRA sunset

Title IX of the Economic Growth and Tax Relief Reconciliation Act of 2001 shall not apply to section 431 of such Act, and the amendments made thereby.

(c)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2011.

205.

Elimination of 60-month limit and increase in income limitation on student loan interest deduction made permanent

Title IX of the Economic Growth and Tax Relief Reconciliation Act of 2001 shall not apply to section 412 of such Act, and the amendments made thereby.

III

State and local sales tax deduction

301.

State and local sales tax deduction made permanent

(a)

In general

Paragraph (5) of section 164(b) is amended by striking subparagraph (I).

(b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2011.