H.R. 5744

To amend the Internal Revenue Code of 1986 to extend permanently the election to deduct State and local general sales taxes.

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I

110th CONGRESS

2d Session

H. R. 5744

IN THE HOUSE OF REPRESENTATIVES

April 9, 2008

Mr. Cohen 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 permanently the election to deduct State and local general sales taxes.

1.

Election to deduct state and local general sales taxes made permanent

(a)

In general

Paragraph (5) of section 164(b) of the Internal Revenue Code of 1986 (relating to general sales taxes) is amended by striking subparagraph (I).

(b)

Effective date

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