In true “Perils of Pauline” fashion, Congress waited until virtually the last minute in December to renew a law that allows people to deduct state and local sales taxes on their annual federal returns. On top of that, the renewal was only for a single year.
It wasn’t an isolated incident. Lawmakers have had to pass periodic renewals of the law five times since 2004.
Now, senators from states where the sales tax deduction is most popular are taking another shot at trying to avoid the annual “will they or won’t they” when it comes to extending the benefit.
Sens. Dean Heller, R-Nev., and Maria Cantwell, D-Wash., introduced a bill Jan. 8 that would make the sales tax deduction a permanent part of the tax code. Both sit on the Senate Finance Committee that could take up the bill.