A bill to amend the Internal Revenue Code of 1954 to permit individuals to deduct separately-stated State and local utility taxes on amounts paid for heating and cooling their homes, whether or not they itemize deductions.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit taxpayers, whether or not they itemize their deductions, to claim an income tax deduction for separately-stated State or local taxes imposed on the use of electrical energy, gas, or steam for heating and cooling the taxpayer's principal residence.…