A bill to amend the Internal Revenue Code of 1954 to eliminate duplicative mailings by State and local governments by allowing the statement of State and local income tax refunds paid during a calendar year to be furnished before January of the following calendar year.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit States and local governments to provide statements of tax refunds, credits, and offsets to individuals at any time during the calendar year for which such governments make a return, but not later than January 31 of the year following the year of the return. (Current law requires such statements to be furnished in January of the year following the year of the return.)…