Demanding Accountability
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Grange Resolutions For A Stronger America
Subject: Support H.R. 5860 to Amend the U.S. Internal Revenue Code of 1896
Whereas: The passage of H.R. 5860 would amend the Internal Revenue Code of 1986 to allow-the-line deduction for state and local and foreign, real property taxes.
Whereas: H.R. 5860 Bill states the following: Section 1. Deduction for real property taxes allowed whether or not tax payer itemizes other deductions.
(a) In General - Subsection (a) of section 62 of Internal Revenue Code of 1986 (defining adjusted gross income) is amended by inserting before the last sentence the following new paragraph:
'(21) Real Property Taxes - The deduction allowed by Section 164 for real property taxes described in section 164(a)(1).'.
(b) Effective Date - The amendment made by this section shall apply to taxable years beginning after December 31, 2006.
Therefore be it resolved: That the Oregon State Grange supports the passage of U.S. Congressional H.R. 5860 Bill which will amend the Internal Revenue Code to allow deduction for real property taxes on income tax forms without having to itemize other deductions.
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