Section 1 Short title
This Act may be cited as the “No Taxes on Utility Bills Act”.
No Taxes on Utility Bills Act
A BILL
To amend the Internal Revenue Code of 1986 to allow the deduction of taxes and State-mandated surcharges included on gas or electric utility bills.
Sec. 2 Deduction for taxes and State-mandated surcharges included on gas or electric utility bills
In general— Section 164(a) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
“(5) All taxes, and State-mandated surcharges, included on the taxpayer’s gas or electric utility bills.”
Conforming amendment— Section 164(a) of such section is amended by inserting “(and State-mandated surcharges described in paragraph (5))” after “the following taxes”.
Effective date— The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.