A bill to amend the Internal Revenue Code of 1954 to allow a deduction for certain fees imposed by State and local governments with respect to municipal services.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow an income tax deduction for State and local taxes with respect to municipal services. States that a charge shall be treated as a tax with respect to municipal service if such charge is imposed: (1) by the governmental entity providing such service; (2) only with respect to a person who owns any interest in real property located within the taxing jurisdiction and to whom such service is available; (3) on an annual basis or on the basis of any period not exceeding one year; and (4) on a uniform basis. Includes police, firefighting, and trash collection services within the term "municipal services". Excludes any service which is not readily available from any person other than the taxing jurisdiction.…