Allows taxpayers to deduct taxes and state-mandated surcharges on gas or electric utility bills.
The No Taxes on Utility Bills Act amends the Internal Revenue Code to permit taxpayers to deduct taxes and state-mandated surcharges included on their gas or electric utility bills. This change applies to taxable years beginning after the enactment of this Act. The bill introduces a new paragraph in Section 164(a) of the Internal Revenue Code to include these deductions.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.