S 2318 · 110th Congress 2007–2009, ended

AMT Repeal and Tax Freedom Act

Introduced Nov 7, 2007 Originated Senate Sponsor John Ensign R-NV

Fact sheet

Latest action · Nov 8, 2007 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 476.

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.

  1. IntroducedNov 7, 2007
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

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.

Cosponsors 4

Members who signed on, in the order they did. All signed on Nov 7, 2007.

SeatCosponsorSigned on
R-ORGordon H. SmithOriginalNov 7, 2007
R-KYJim BunningOriginalNov 7, 2007
R-IDMike CrapoOriginalNov 7, 2007
R-KSPat RobertsOriginalNov 7, 2007

Actions 3

Everything that happened, newest first.

  1. Nov 8, 2007Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 476.
  2. Nov 7, 2007Introduced in Senate
  3. Nov 7, 2007Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

Related bills 7

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 14Invest in America ActRelated billApr 17, 2007
S 55Individual Alternative Minimum Tax Repeal Act of 2007Related billJan 4, 2007
HR 1366Individual AMT Repeal Act of 2007Related billMar 7, 2007
S 2293Individual Alternative Minimum Tax Repeal Act of 2007Related billNov 2, 2007
S 2432AMT Equity Act of 2007Related billDec 6, 2007
Show all 7 related bills

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Nov 8, 2007Placed on Calendar Senate

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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.