S.Amdt. 2493
What it does: Adds SEC. __. PERMANENT EXTENSION OF DEDUCTION FOR STATE AND LOCAL GENERAL SALES TAXES at the end of the bill
Sen. Kay Bailey Hutchison (R-TX)What it changes
1 change to S. 2237 · shown in the bill's text
Adds SEC. __. PERMANENT EXTENSION OF DEDUCTION FOR STATE AND LOCAL GENERAL SALES TAXES at the end of the bill
Adds a sectionIn S. 2237 · Placed on Calendar Senate
(ii) multiplying the limitation under subparagraph (B)(ii) of such paragraph (as so in effect) by a fraction the numerator of which is the number of days in the taxable year after December 31, 2011, and the denominator of which is the number of days in the taxable year.
Inserted: SEC. __. PERMANENT EXTENSION OF DEDUCTION FOR STATE AND LOCAL GENERAL SALES TAXES.
Inserted: (a) In General.--Subparagraph (I) of section 164(b)(5) of the Internal Revenue Code of 1986 is amended by striking ", and before January 1, 2012".
Inserted: (b) Effective Date.--The amendment made by this section shall apply to taxable years beginning after December 31, 2011.
Original wording
At the end, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2493. Mrs. HUTCHISON submitted an amendment intended to be proposed by her to the bill S. 2237, to provide a temporary income tax credit for increased payroll and extend bonus depreciation for an additional year, and for other purposes; which was ordered to lie on the table; as follows:
At the end, add the following:
SEC. __. 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 is amended by striking “, and before January 1, 2012”.
(b) Effective Date.--The amendment made by this section shall apply to taxable years beginning after December 31, 2011.
Legislative Activity
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Senate amendment submitted
July 10, 2012