No Taxes on Utility Bills Act

This legislative proposal seeks to modify the Internal Revenue Code of 1986 by amending Section 164(a). Specifically, it permits taxpayers to deduct all taxes and State-mandated surcharges that are itemized on their gas or electric utility bills. This provision aims to alleviate the financial burden on consumers by making these utility-related charges tax-deductible. A conforming amendment ensures proper integration within the existing tax code, and the changes would take effect for taxable years commencing after the date of the bill's enactment.