S.467: State Sales and Income Tax Deduction Fairness Act of 2003

About This Bill

Bill Summary

State Sales and Income Tax Deduction Fairness Act of 2003 - Amends the Internal Revenue Code to allow: (1) the State and local income tax deduction against the alternative minimum tax; and (2) the deduction of State and local general sales taxes in lieu of State and local income taxes.

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 3 statements associated with S.467.

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Finance.
Feb. 27, 2003

Introduced in the Senate by Kay Bailey Hutchison (R-Texas)

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