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H. Rept. 114-51 1 (2015-04-06)

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                    114TH CONGRESS                                      REPORT
                      1st Session    HOUSE  OF  REPRESENTATIVES          114-51







                      STATE   AND  LOCAL SALES TAX DEDUCTION FAIRNESS
                                             ACT  OF  2015



                     APRIL 6, 2015.-Committed to the Committee of the Whole House on the State of
                                      the Union and ordered to be printed



                    Mr. RYAN  of Wisconsin, from the Committee on Ways  and Means,
                                        submitted  the following


                                           REPORT

                                             together with

                                         DISSENTING VIEWS

                                         [To accompany H.R. 622]

                             [Including cost estimate of the Congressional Budget Office]

                     The  Committee  on Ways  and  Means,  to whom  was referred the
                   bill (H.R. 622) to amend  the  Internal Revenue  Code  of 1986 to
                   make   permanent  the deduction  of State and  local general sales
                   taxes, having considered the same,  report favorably thereon with
                   an  amendment   and recommend   that the bill as amended do pass.

                                               CONTENTS
                                                                                 Page
                      I. SUMMARY AND  BACKGROUND   .............................................................  2
                           A. Purpose and Sum m ary  .....................................................................  2
                           B. Background and Need for Legislation .............................................  2
                           C. Legislative  H istory  ...........................................................................  3
                     II. EXPLANATION OF THE BILL .................................................................. .  3
                           A. Deduction for State and local sales taxes (sec. 2 of the bill
                               and sec. 164  of the  Code)  ...............................................................  3
                     III. VOTES OF THE COMMITTEE     ....................................................................  4
                     IV. BUDGET EFFECTS OF THE BILL ..........................................................  5
                           A. Committee Estimate of Budgetary Effects .....................................  5
                           B. Statement Regarding New Budget Authority and Tax Expendi-
                               tures Budget Authority  .................................................................  7
                            C. Cost Estimate Prepared by the Congressional Budget Office .......  7
                     V. OTHER  MATTERS  TO  BE DISCUSSED  UNDER  THE  RULES  OF
                         TH E H O U SE ..............................................................................................  10
                           A. Committee Oversight Findings and Recommendations .................  10
                           B. Statement of General Performance Goals and Objectives ............. 10
                       49-006

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