To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for State and local, and foreign, real property taxes.
Last action on Dec 5, 2007Referred to the House Committee on Ways and Means.
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Summary
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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