Tax Deduction Fairness Act of 2001 - Amends the Internal Revenue Code to allow a taxpayer to elect, when itemizing, to deduct State and local general sales taxes in lieu of State income taxes. Limits such deduction to a tax imposed at one rate in respect of the sale at retail of a broad range of classes of items (including food, clothing, medical supplies, and motor vehicles).
Actions
Jan 31, 2001
Referred to the House Committee on Ways and Means.
Jan 31, 2001
Sponsor introductory remarks on measure. (CR H132-133)