3.0.0 2950 2023-01-13T04:47:55Z 2023-01-13T04:47:55Z House H HR 2005-06-16 109 hswm00 Ways and Means Committee House Standing Referred to 2005-06-16T14:01:25Z 2005-06-22 Sponsor introductory remarks on measure. (CR H4904) IntroReferral B00100 9 Library of Congress 2005-06-16 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2005-06-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-06-16 Introduced in House IntroReferral 1000 9 Library of Congress N000015 Rep. Neal, Richard E. [D-MA-2] RICHARD NEAL D MA E. 2 N Taxation Adoption Capital gains tax Charitable contributions College costs Commerce Cost of living adjustments Costs Day care Disabled Economics and Public Finance Education Employee stock options Families Finance and Financial Sector Higher education Income Income tax Indexing (Economic policy) Labor and Employment Law Minimum tax Partnerships Scholarships Small business Tax credits Tax deductions Tax exemption Tax rates Tax simplification Trusts and trustees Tuition tax credits Vocational and technical education Taxation 00 2005-06-16 Introduced in House 2005-08-02T14:39:32Z Individual Tax Simplification Act of 2005 - Revises provisions of the Internal Revenue Code pertaining to: (1) the alternative minimum tax; (2) the phaseout of the tax credits for adoption expenses, child care, and educational assistance based on modified adjusted gross income; and (3) the capital gains tax.

Repeals, after 2005: (1) the overall limitation on itemized tax deductions; (2) the phaseout of personal tax exemptions; and (3) the alternative minimum tax on individuals.

Imposes an additional income tax on adjusted gross incomes exceeding certain threshold levels to ensure the revenue neutrality of this Act.

]]> Individual Tax Simplification Act of 2005 Display Title Individual Tax Simplification Act of 2005 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide a revenue-neutral simplification of the individual income tax. Introduced in House IH Short Titles as Introduced Individual Tax Simplification Act of 2005 Introduced in House 2005-06-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr2950ih/xml/BILLS-109hr2950ih.xml 2005-06-22 Sponsor introductory remarks on measure. (CR H4904) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.