Summary: H.R.5639 — 99th Congress (1985-1986)All Information (Except Text)

There is one summary for H.R.5639. Bill summaries are authored by CRS.

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Introduced in House (10/02/1986)

Amends the Internal Revenue Code to allow an income tax deduction for State and local general sales taxes. Defines a "general sales tax" as a tax imposed at one rate in respect of the sale at retail of a broad range of classes of items. Treats a compensating use tax as a general sales tax.