HR 3726
110th Congress
House
Taxation
Government Operations and Politics
Income tax
Local taxation
Minimum tax
Property tax
State taxation
Tax deductions
Property Tax Relief Act of 2007
Introduced: October 2, 2007
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 2, 2007
Referred to the House Committee on Ways and Means.
Oct 2, 2007
Introduced in House
Plain-English summary
Property Tax Relief Act of 2007 - Amends the Internal Revenue Code to: (1) allow state and local real property taxes paid on a principal residence as a deduction from gross income (thus allowing taxpayers who do not itemize their tax deductions to claim such deduction); and (2) exclude such deduction from the calculation of alternative minimum taxable income for purposes of the alternative minimum tax on individuals.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1