S 2318
110th Congress
Senate
Taxation
Capital gains tax
Dividends
Finance and Financial Sector
Income tax
Minimum tax
Tax penalties
Tax rates
AMT Repeal and Tax Freedom Act
Introduced: November 7, 2007
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 8, 2007
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 476.
Nov 7, 2007
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Nov 7, 2007
Introduced in Senate
Plain-English summary
AMT Repeal and Tax Freedom Act - Amends the Internal Revenue Code to repeal the alternative minimum tax for individual taxpayers after 2006.
Exempts individual taxpayers who had no alternative minimum tax liability in the taxable year preceding 2006 from estimated income tax penalties for taxable years beginning in 2006.
Makes permanent reductions in income tax rates enacted by the Economic Growth and Tax Relief and Reconciliation Act of 2001 and capital gains and dividends tax rates enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003.
What's happening now
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 476.
Cosponsors
1