To amend the Internal Revenue Code of 1986 to extend for one year the deduction of State and local general sales taxes.

Bill: 113-hr-3942
Sponsor: full_name: Rep. Grayson, Alan [D-FL-9]
Introduced: 2014-01-28
Policy area: Taxation
Subjects: Income tax deductions

Sales and excise taxes

State and local taxation
Latest action: action_date: 2014-01-28
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2014-01-28
action_desc: Introduced in House
text: <p>Amends the Internal Revenue Code to extend through 2014 the taxpayer election to deduct state and local general sales taxes in lieu of state and local income taxes. </p>

tv_txt: I 113th CONGRESS 2d Session H. R. 3942 IN THE HOUSE OF REPRESENTATIVES January 28, 2014 Mr. Grayson 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 extend for one year the deduction of State and local general sales taxes.

1. Extension of deduction of State and local general sales taxes (a) In general Subparagraph (I) of section 164(b)(5) of the Internal Revenue Code of 1986 is amended by striking January 1, 2014 and inserting January 1, 2015 . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2013.