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

Amends the Internal Revenue Code to make permanent the taxpayer election to deduct state and local general sales taxes in lieu of state and local income taxes.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4789 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 4789

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 30, 2014

 Mr. Fincher 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 make the deduction for 
             State and local general sales taxes permanent.

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

SECTION 1. DEDUCTION FOR STATE AND LOCAL GENERAL SALES TAXES MADE 
              PERMANENT.

    (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, 2013.
                                 <all>