Bayh to tout property tax deduction in Terre Haute

July 2, 2009 (TERRE HAUTE, Ind.)

Congress last year passed a bill authored by Bayh that allowed homeowners who do not itemize on their federal tax returns to take a new property tax deduction. That law is set to expire this year.

Under the provision pushed by Bayh and Indiana Rep. Baron Hill, individual non-itemizers could deduct up to $500 of their property tax bills from their federal taxes, and families could deduct up to $1,000.

Bayh now is proposing legislation that would make the deduction permanent.

Bayh will hold a news conference to discuss the proposal at Terre Haute International Airport.

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