HR 114 · 110th Congress · Taxation
Homeowner's Tax Relief Act of 2007
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2007-01-04)
Plain Language Summary
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Homeowner's Tax Relief Act of 2007 - Amends the Internal Revenue Code to allow individual taxpayers an additional tax deduction (whether or not such taxpayers itemize deductions) for state and local real property taxes paid for a principal residence that exceed the national average, as determined by the Secretary of the Treasury. Denies such deduction for taxpayers whose adjusted gross income exceeds $80,000 ($160,000 for joint returns).…
Summarized by Claude AI · Non-partisan · For informational purposes only