[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5242 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 5242

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 6, 2008

Mr. Young of Florida 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 permanent the 
           deduction of State and local general sales taxes.

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

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

    (a) In General.--Paragraph 5 of section 164(b) of the Internal 
Revenue Code of 1986 (relating to general sales taxes) is amended by 
striking subparagraph (I).
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after December 31, 2007.
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