Skip to main content
Wednesday, November 01 2017

U.S. HOUSE TAX CHIEF SAYS STATE INCOME TAX DEDUCTION WILL NOT REMAIN

By David Morgan and Jonathan Oatis

WASHINGTON (Reuters) - Republican tax legislation due to be released this week in the U.S. House of Representatives will not include a deduction for state and local income taxes, the top House Republican on tax policy said on Tuesday.

House Ways and Means Committee Chairman Kevin Brady said in a radio interview with commentator Hugh Hewitt that the emerging bill will offer relief only on property taxes. Brady spoke as House Republican leaders sought to broker an agreement with Republican lawmakers who want the state and local income tax deduction to remain.

Asked if there would be relief on the income side of state and local taxes, Brady replied: "The answer is 'no.' ... Our lawmakers in those high-tax states really believe their families are being punished most by property taxes".

Posted by: AT 06:22 pm   |  Permalink   |  Email

    Dodson & Pope, CPA PLLC
    1095 Evergreen Circle, Suite 200, The Woodlands, TX 77380
    Phone: 936-443-0370   Email:
    Dodson & Pope

     

    AICPA                Texas Society of Certified Public Accountants

    Site Powered By
    SiteHatcher.com