WASHINGTON, DC – Congressman Ander Crenshaw, Chair of the House Appropriations Subcommittee on Financial Services and General Government, today (4/16) voted to make permanent the deduction of local and state sales taxes in the federal tax code by supporting passage of the State and Local Sales Tax Deduction Fairness Act of 2015.
“Americans are dedicating time and resources to jumpstart our economy and create jobs, and in the process deserve certainty in their federal tax policy to support them,” said Crenshaw. “Under current law, residents of states with a state income tax have a permanent deduction for state and local sales taxes. This isn’t the case for Florida and other states that do not have a state income tax. As a result, they are left with uncertainty, year after year, if the option to deduct state and local sales taxes will be available to them.”
“The State and Local Sales Tax Deducation Fairness Act of 2015 levels the playing field, making permanent the ability for residents of non-income tax states to deduct local and state sales taxes on their federal return,” Crenshaw continued. “As a result, more hard-earned dollars remain in their wallets to grow a business, pay for education, the mortgage, or whatever use they see fit. It’s a simple, transparent, and fair way to grow the economy, create jobs, and improve the quality of life and is long overdue.”
HR 622 passed the United States House of Representatives and now moves to the United States Senate for consideration.