A bill to amend the Internal Revenue Code of 1954 to allow a deduction for certain fees imposed by State and local governments with respect to municipal services.

Summary

Amends the Internal Revenue Code to allow an income tax deduction for State and local taxes with respect to municipal services. States that a charge shall be treated as a tax with respect to municipal service if such charge is imposed: (1) by the governmental entity providing such service; (2) only with respect to a person who owns any interest in real property located within the taxing jurisdiction and to whom such service is available; (3) on an annual basis or on the basis of any period not exceeding one year; and (4) on a uniform basis. Includes police, firefighting, and trash collection services within the term "municipal services". Excludes any service which is not readily available from any person other than the taxing jurisdiction.

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Documents

1 official file

• Introduced in House

  summary · EN · 13 July 1979

  Open at official source

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