H.R. 3942

To amend the Internal Revenue Code of 1986 to extend for one year the deduction of State and local general sales taxes.

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I

113th CONGRESS

2d Session

H. R. 3942

IN THE HOUSE OF REPRESENTATIVES

January 28, 2014

Mr. Grayson 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 for one year the deduction of State and local general sales taxes.

1.

Extension of deduction of 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 January 1, 2014 and inserting January 1, 2015.

(b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2013.