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S 2318 110th Congress Senate

AMT Repeal and Tax Freedom Act

Official title: A bill to amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax and to permanently extend the reductions in income tax rates, and for other purposes.

Introduced: November 7, 2007 See on congress.gov
Taxation Capital gains taxDividendsFinance and Financial SectorIncome tax
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Minimum taxTax penaltiesTax rates
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action November 8, 2007

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 476.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 7
  • HR 1366 Related bill Individual AMT Repeal Act of 2007
  • HR 3818 Related bill Taxpayer Choice Act of 2007
  • HR 3970 Related bill Tax Reduction and Reform Act of 2007
  • S 14 Related bill Invest in America Act
  • S 55 Related bill Individual Alternative Minimum Tax Repeal Act of 2007
  • S 2293 Related bill Individual Alternative Minimum Tax Repeal Act of 2007
  • S 2432 Related bill AMT Equity Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Cosponsors 1
All 1 Republican 1
R
Crapo, Mike
Idaho · Nov 7, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2318: AMT Repeal and Tax Freedom Act. 110th Congress. Open America. https://openamerica.io/bill/110-S-2318/
MLA
"S. 2318: AMT Repeal and Tax Freedom Act." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-2318/.
Bluebook (legal)
S. 2318, 110th Cong. (2026), https://openamerica.io/bill/110-S-2318/.
Markdown link
[S. 2318: AMT Repeal and Tax Freedom Act](https://openamerica.io/bill/110-S-2318/)
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