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H.R. 3562, The Property Tax Relief Act of 2007
- This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
Comparing original version (created by webmaster) with revision saved on September 19, 2007, 18:34:07 (webmaster):
H.R. 3562 would amend the Internal Revenue Code of 1986 to allow the deduction for real property taxes on the principal residences to all individuals whether or not they itemize other deductions.
== Detailed Summary ==
<summary>
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</summary>
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== Status of the Legislation ==
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(Log inLatest Major Action: 9/18/2007: Referred to House committee. Status: Referred to edit the wikiHouse Committee on Ways and be the first to update the status of the bill!)Means.
</status>
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== Points in Favor ==
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== Points Against ==
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Visitor Comments
RW
October 3, 2007, 1:28pm (report abuse)Isn't the standard deduction there so people who don't want to itemize still get a break? If this law passes then it seems to me that the standard deduction should be lowered.