S.Amdt. 2556
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. 3364 · 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. 3364 · Placed on Calendar Senate
(d) Effective Date.--The amendments made by this section shall apply to amounts paid or incurred after the date of the enactment of this Act.
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:
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As printed
SA 2556. Mrs. HUTCHISON submitted an amendment intended to be proposed by her to the bill S. 3364, to provide an incentive for businesses to bring jobs back to America; 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 18, 2012