H.R. 3680

Extension of Vital Tax Policy Act of 2007

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I

110th CONGRESS

1st Session

H. R. 3680

IN THE HOUSE OF REPRESENTATIVES

September 27, 2007

Mr. McDermott (for himself, Mr. Brady of Texas, Mr. Tanner, Mr. Sam Johnson of Texas, Ms. Berkley, Mr. Porter, and Mr. Meek 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 extend the deduction for State and local sales taxes.

1.

Short title

This Act may be cited as the Extension of Vital Tax Policy Act of 2007.

2.

Deduction for State and local sales taxes

(a)

In general

Subparagraph (I) of section 164(b)(5) of the Internal Revenue Code of 1986 is amended by striking January 1, 2008 and inserting January 1, 2009.

(b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2007.