HR 121 · 113th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide a 5-year reinstatement of the real property standard deduction and to adjust such deduction for inflation.

Introduced 2013-01-03· Sponsored by Rep. Holt, Rush [D-NJ-12]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2013-01-03)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to: (1) reinstate in 2013 and extend through 2017 the additional deduction for real property taxes in the standard tax deduction, and (2) allow an annual inflation adjustment to the allowable amount of the standard tax deduction.…

Summarized by Claude AI · Non-partisan · For informational purposes only