S 1676
112th Congress
Senate
Taxation
Budget deficits and national debt
Tax administration and collection, taxpayers
Buffett Rule Act of 2011
Introduced: October 6, 2011
Introduced by:
Thune, John
Republican
· South Dakota
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 6, 2011
Read twice and referred to the Committee on Finance.
Oct 6, 2011
Introduced in Senate
Plain-English summary
Buffett Rule Act of 2011 - Amends the Internal Revenue Code to allow taxpayers to donate an amount (not less than $1), in addition to any tax owed, which shall be deposited in the general fund of the Treasury and transferred to an account used to reduce the public debt. Requires such donation to be designated on a taxpayer's income tax return at the time such return is filed.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1