Property Tax Fairness Act of 2007
Latest action · Nov 15, 2007 Read twice and referred to the Committee on Finance.
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 15, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Property Tax Fairness Act of 2007 - Amends the Internal Revenue Code to: (1) allow an additional standard tax deduction in 2007 or 2008 (available to taxpayers who do not itemize) for state and local real property taxes; and (2) include within the reporting requirements of investment brokers the adjusted basis of any security owned by customers of such brokers.
Cosponsors 4
Members who signed on, in the order they did. All signed on Nov 15, 2007.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NE | Ben Nelson | Original | Nov 15, 2007 |
| D-MI | Debbie Stabenow | Original | Nov 15, 2007 |
| D-DE | Joseph R. Biden Jr. | Original | Nov 15, 2007 |
| D-WI | Russell D. Feingold | Original | Nov 15, 2007 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Nov 15, 2007 |
Actions 2
Everything that happened, newest first.
- Nov 15, 2007Introduced in Senate
- Nov 15, 2007Read twice and referred to the Committee on Finance.
Related bills 7
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 114 | Homeowner's Tax Relief Act of 2007 | Related bill | Jan 4, 2007 |
| S 601 | Simplification Through Additional Reporting Tax Act of 2007 | Related bill | Feb 14, 2007 |
| HR 878 | Simplification Through Additional Reporting Tax Act of 2007 | Related bill | Feb 7, 2007 |
| S 2068 | Homeowner Tax Fairness Act of 2007 | Related bill | Sep 19, 2007 |
| HR 3562 | Property Tax Relief Act of 2007 | Related bill | Sep 18, 2007 |
| HR 3726 | Property Tax Relief Act of 2007 | Related bill | Oct 2, 2007 |
| HR 4029 | Universal Homeowners' Tax Relief Act of 2007 | Related bill | Oct 31, 2007 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to provide an additional standard deduction for real property taxes for nonitemizers.
- Short Titles as Introduced
- Property Tax Fairness Act of 2007
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Nov 15, 2007Introduced in 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
