Individual Alternative Minimum Tax Repeal Act of 2007
Latest action · Nov 2, 2007 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 464.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedNov 1, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Individual Alternative Minimum Tax Repeal Act of 2007 - Amends the Internal Revenue Code to: (1) repeal the alternative minimum tax (AMT) for individuals after 2006; and (2) exempt taxpayers with no AMT liability prior to 2006 from current AMT estimated tax penalties.
Cosponsors 9
Members who signed on, in the order they did. All signed on Nov 1, 2007.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IA | Chuck Grassley | Original | Nov 1, 2007 |
| R-OR | Gordon H. Smith | Original | Nov 1, 2007 |
| R-KY | Jim Bunning | Original | Nov 1, 2007 |
| R-NV | John Ensign | Original | Nov 1, 2007 |
| R-AZ | Jon Kyl | Original | Nov 1, 2007 |
| R-ID | Mike Crapo | Original | Nov 1, 2007 |
| R-ME | Olympia J. Snowe | Original | Nov 1, 2007 |
| R-UT | Orrin G. Hatch | Original | Nov 1, 2007 |
| R-KS | Pat Roberts | Original | Nov 1, 2007 |
Actions 3
Everything that happened, newest first.
- Nov 2, 2007Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 464.
- Nov 1, 2007Introduced in Senate
- Nov 1, 2007Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text of measure as introduced: CR S13694)
Related bills 7
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 14 | Invest in America Act | Related bill | Apr 17, 2007 |
| S 55 | Individual Alternative Minimum Tax Repeal Act of 2007 | Related bill | Jan 4, 2007 |
| HR 1366 | Individual AMT Repeal Act of 2007 | Related bill | Mar 7, 2007 |
| S 2318 | AMT Repeal and Tax Freedom Act | Related bill | Nov 8, 2007 |
| S 2432 | AMT Equity Act of 2007 | Related bill | Dec 6, 2007 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Nov 2, 2007Placed on Calendar Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.