[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 412 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 412

 To amend the Internal Revenue Code of 1986 to allow the deduction for 
  property taxes in determining the amount of the alternative minimum 
       taxable income of any taxpayer (other than a corporation).


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 9, 2009

  Mr. Israel 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 allow the deduction for 
  property taxes in determining the amount of the alternative minimum 
       taxable income of any taxpayer (other than a corporation).

    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 ``Homeowners Property Tax Relief Act 
of 2009''.

SEC. 2. DEDUCTION FOR PROPERTY TAXES ALLOWED IN DETERMINING INDIVIDUAL 
              ALTERNATIVE MINIMUM TAXABLE INCOME.

    (a) In General.--Clause (ii) of section 56(b)(1)(A) of the Internal 
Revenue Code of 1986 (relating to general limitation on deductions 
applicable to individuals) is amended by striking ``(1), (2), or''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after December 31, 2008.
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