H.R.322 - Tax Deduction Fairness Act of 2001107th Congress (2001-2002)
||Rep. Baird, Brian [D-WA-3] (Introduced 01/31/2001)
||House - Ways and Means
||01/31/2001 Referred to the House Committee on Ways and Means. (All Actions)
This bill has the status Introduced
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Introduced in House (01/31/2001)
Tax Deduction Fairness Act of 2001 - Amends the Internal Revenue Code to allow a taxpayer to elect, when itemizing, to deduct State and local general sales taxes in lieu of State income taxes. Limits such deduction to a tax imposed at one rate in respect of the sale at retail of a broad range of classes of items (including food, clothing, medical supplies, and motor vehicles).