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H.R. 622 (114th): State and Local Sales Tax Deduction Fairness Act of 2015

The text of the bill below is as of Apr 6, 2015 (Reported by House Committee).


IB

Union Calendar No. 32

114th CONGRESS

1st Session

H. R. 622

[Report No. 114–51]

IN THE HOUSE OF REPRESENTATIVES

January 30, 2015

(for himself, Mr. McDermott, Mrs. Blackburn, Mr. Sam Johnson of Texas, Mr. Murphy of Florida, Mrs. Lummis, Mr. Nugent, Mr. Farenthold, Mr. Heck of Nevada, Mr. Culberson, Mr. McCaul, Mr. Miller of Florida, Mr. Diaz-Balart, Mr. Olson, Mr. Roe of Tennessee, Mr. Duncan of Tennessee, Mr. Smith of Texas, Mr. Clawson of Florida, Mr. Jolly, Mr. Heck of Washington, Mr. Gene Green of Texas, Mr. Kilmer, Mr. Reichert, Mr. Carter of Texas, Mr. Marchant, Mrs. Noem, Mrs. McMorris Rodgers, Mr. Bilirakis, Mr. Sessions, Mr. Conaway, Mr. Crenshaw, Mr. Williams, Mr. Gohmert, Mr. Neugebauer, Mr. Flores, and Ms. Granger) introduced the following bill; which was referred to the Committee on Ways and Means

April 6, 2015

Additional sponsors: Mr. Poe of Texas, Mrs. Black, Mr. Babin, Mr. Cohen, Mr. Barton, Mr. Hensarling, Mr. Webster of Florida, and Mr. Emmer of Minnesota

April 6, 2015

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

Strike out all after the enacting clause and insert the part printed in italic

For text of introduced bill, see copy of bill as introduced on January 30, 2015


A BILL

To amend the Internal Revenue Code of 1986 to make permanent the deduction of State and local general sales taxes.


1.

Short title

This Act may be cited as the State and Local Sales Tax Deduction Fairness Act of 2015.

2.

Permanent extension of deduction of State and local general sales taxes

(a)

In general

Section 164(b)(5) of the Internal Revenue Code of 1986 is amended by striking subparagraph (I).

(b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2014.

April 6, 2015

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed