A bill to amend the Internal Revenue Code of 1954 to provide individuals a credit against income tax for amounts paid or incurred for certain State and local individual income taxes and to repeal the deduction for such taxes, State and local general sales taxes, and State and local taxes on gasoline and other motor fuels.

Summary

Amends the Internal Revenue Code to allow a credit against the tax liability of an individual equal to 50 percent of the State and local income taxes paid by such individual in a taxable year. Limits the allowable credit to 20 percent of such individual's tax liability. Disallows income tax deductions for State and local individual income taxes, State and local general sales taxes, and State and local taxes on gasoline and other motor fuels.

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Timeline

1. 12 October 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 12 October 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 12 October 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 12 October 1978

  Open at official source

Sponsors

• Rep. Solarz, Stephen J. [D-NY-13] · D · Sponsor
• Rep. Carr, Bob [D-MI-6] · D · Cosponsor
• Rep. Downey, Thomas J. [D-NY-2] · D · Cosponsor
• Rep. Edgar, Robert W. [D-PA-7] · D · Cosponsor
• Rep. LaFalce, John J. [D-NY-36] · D · Cosponsor
• Rep. Pattison, Edward W. [D-NY-29] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to provide individuals a credit against income tax for amounts paid or incurred for certain State and local individual income taxes and to repeal the deduction for such taxes, State and local general sales taxes, and State and local taxes on gasoline and other motor fuels.