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

Bill: 113-hr-4789
Sponsor: full_name: Rep. Fincher, Stephen Lee [R-TN-8]
Introduced: 2014-05-30
Policy area: Taxation
Subjects: Income tax deductions

Sales and excise taxes

State and local taxation
Latest action: action_date: 2014-05-30
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2014-05-30
action_desc: Introduced in House
text: <p>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. </p>

tv_txt: I 113th CONGRESS 2d Session H. R. 4789 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.

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.