Complete and Permanent Property Tax Deduction Act of 2011

Complete and Permanent Property Tax Deduction Act of 2011 - Amends the Internal Revenue Code to: (1) make the standard tax deduction for real property taxes permanent; and (2) repeal the dollar limitation on such deduction and the exclusion of foreign real property taxes.

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1097 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 1097

To amend the Internal Revenue Code of 1986 to expand and make permanent 
            the standard deduction for real property taxes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 15, 2011

   Mr. Paul 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 expand and make permanent 
            the standard deduction for real property taxes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Complete and Permanent Property Tax 
Deduction Act of 2011''.

SEC. 2. STANDARD DEDUCTION FOR REAL PROPERTY TAXES EXPANDED AND MADE 
              PERMANENT.

    (a) Standard Deduction for Real Property Taxes Made Permanent.--
Subparagraph (C) of section 63(c)(1) of the Internal Revenue Code of 
1986 is amended by striking ``in the case of any taxable year beginning 
in 2008 or 2009,''.
    (b) Repeal of Dollar Limitation and Exclusion of Foreign Taxes.--
Paragraph (7) of section 63(c) of such Code is amended to read as 
follows:
            ``(7) Real property tax deduction.--For purposes of 
        paragraph (1), the real property tax deduction is the amount 
        allowable as a deduction under section 164(a)(1) (determined 
        without regard to any taxes taken into account under section 
        62(a)).''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2010.
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