Homeowner Tax Fairness Act of 2011

Homeowner Tax Fairness Act of 2011- Amends the Internal Revenue Code to: (1) make permanent the standard tax deduction for real property taxes available to taxpayers who do not otherwise itemize their deductions; and (2) repeal the $500 limitation on such deduction. Makes this Act applicable to taxable years beginning after December 31, 2009.

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1399 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 1399

 To amend the Internal Revenue Code of 1986 to permanently extend and 
 expand the additional standard deduction for real property taxes for 
                             nonitemizers.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 6, 2011

   Mr. Grimm (for himself and Mr. Bishop of New York) 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 and 
 expand the additional standard deduction for real property taxes for 
                             nonitemizers.

    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 ``Homeowner Tax Fairness Act of 
2011''.

SEC. 2. PERMANENT EXTENSION AND EXPANSION OF ADDITIONAL STANDARD 
              DEDUCTION FOR REAL PROPERTY TAXES FOR NONITEMIZERS.

    (a) Permanent Extension.--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) Removal of Dollar Limitation.--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 equal to the 
        amount allowable as a deduction under this chapter for State 
        and local taxes described in section 164(a)(1). Any taxes taken 
        into account under section 62(a) shall not be taken into 
        account under this paragraph.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2009.
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