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- H.R.6122
H.R.6122: Nonitemizer Real Property Tax Deduction Act of 2006
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced Sept. 20, 2006
- Latest Major Action Sept. 20, 2006
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (All Democrats)
Bill Summary
Nonitemizer Real Property Tax Deduction Act of 2006 - Amends the Internal Revenue Code to: (1) increase the standard tax deduction for taxpayers who do not itemize tax deductions by $500 ($1,000 for joint returns) of the real property taxes paid or accrued by such taxpayers in a taxable year; (2) define economic substance for purposes of evaluating tax shelter transactions; and (3) impose a penalty for understatements of tax liability...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Sept. 20, 2006 |
Introduced in the House by Rush Holt (D-N.J.) |