Oregon
Grange
Support H.R. 5860
Amend
the U.S. Internal Revenue Code of 1986.
Whereas:
The passage of H.R. 5860 would amend the Internal Revenue Code of 1986
to allow above-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 the 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.
This resolution
was adopted by the Deer Creek Grange #371 at its regular meeting held
on May 14, 2007.
This resolution
was adopted by the Oregon State Grange at its 134th Annual Session haeld
at Jefferson, Oregon, week of June 17-22, 2007.
William
D. Waggoner, Master
1920 Thompson Creek Rd.
Selma, OR 97538
Delaine
Sherman, Secretary
P.O. Box 871
Selma, OR 97538
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