[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 126 Introduced in Senate (IS)]

114th CONGRESS
  1st Session
                                 S. 126

  To provide a permanent deduction for State and local general sales 
                                 taxes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 8, 2015

Mr. Heller (for himself, Ms. Cantwell, Mr. Enzi, Mr. Thune, Mr. Cornyn, 
 Mrs. Murray, Mr. Nelson, and Mr. Alexander) introduced the following 
  bill; which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  To provide a permanent deduction for 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. PERMANENT EXTENSION OF DEDUCTION FOR STATE AND LOCAL GENERAL 
              SALES TAXES.

    (a) In General.--Subparagraph (I) of section 164(b)(5) of the 
Internal Revenue Code of 1986, as amended by section 105 of the Tax 
Increase Prevention Act of 2014, is amended by striking ``, and before 
January 1, 2015''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2014.
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