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H.R. 5860

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for State and local, and foreign, real property taxes.
About This Bill
Committee
Latest Action · July 20, 2006
Referred to the House Committee on Ways and Means.
Congress
109th (2005–2007)
Introduced
July 20, 2006
Cosponsors (0)
None
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Summary

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Amends the Internal Revenue Code to allow all individual taxpayers to deduct from gross income state, local, and foreign real property taxes whether or not such taxpayers itemize their tax deductions.

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