HR 1097 IH
112th CONGRESS
1st Session
H. R. 1097: Complete and Permanent Property Tax Deduction Act of 2011
To amend the Internal Revenue Code of 1986 to expand and make permanent the standard deduction for real property taxes.
IN THE HOUSE OF REPRESENTATIVES
March 15, 2011
Mr. PAUL 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 expand and make permanent the standard deduction for real property taxes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Complete and Permanent Property Tax Deduction Act of 2011′.
SEC. 2. STANDARD DEDUCTION FOR REAL PROPERTY TAXES EXPANDED AND MADE PERMANENT.
(a) Standard Deduction for Real Property Taxes Made Permanent- Subparagraph (C) of section 63(c)(1) of the Internal Revenue Code of 1986 is amended by striking `in the case of any taxable year beginning in 2008 or 2009,’.
(b) Repeal of Dollar Limitation and Exclusion of Foreign Taxes- Paragraph (7) of section 63(c) of such Code is amended to read as follows:
`(7) REAL PROPERTY TAX DEDUCTION- For purposes of paragraph (1), the real property tax deduction is the amount allowable as a deduction under section 164(a)(1) (determined without regard to any taxes taken into account under section 62(a)).’.
(c) Effective Date- The amendments made by this section shall apply to taxable years beginning after December 31, 2010.
Latest Major Action: 3/15/2011 Referred to House committee. Status: Referred to the House Committee on Ways and Means.
My hope here is that these pages will bring understanding to the real views of Ron Paul that have been so distorted by the media, and that you will share these pages with your friends. I pray that supporters of these small goverment ideas will demand that their representatives bring Mr. Pauls up for an up or down vote in the House of Representatives.
