3.0.0 14 2023-01-11T19:40:24Z 2023-01-11T19:40:24Z Senate S S 2007-04-17 110 ssfi00 Finance Committee Senate Standing Referred to 2007-04-17T21:34:37Z Individual AMT Repeal Act of 2007 110 1366 HR 2007-03-07 Referred to the House Committee on Ways and Means. Related bill CRS Taxpayer Choice Act of 2007 110 3818 HR 2007-10-10 Referred to the House Committee on Ways and Means. Related bill CRS Tax Reduction and Reform Act of 2007 110 3970 HR 2007-10-25 Referred to the House Committee on Ways and Means. Related bill CRS Classroom Readiness Tax Relief Act of 2007 110 3983 HR 2007-10-29 Referred to the House Committee on Ways and Means. Related bill CRS Individual Alternative Minimum Tax Repeal Act of 2007 110 55 S 2007-01-04 Read twice and referred to the Committee on Finance. Related bill CRS Individual Alternative Minimum Tax Repeal Act of 2007 110 2293 S 2007-11-02 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 464. Related bill CRS AMT Repeal and Tax Freedom Act 110 2318 S 2007-11-08 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 476. Related bill CRS AMT Equity Act of 2007 110 2432 S 2007-12-06 Read twice and referred to the Committee on Finance. Related bill CRS 2007-04-17 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-04-17 Sponsor introductory remarks on measure. (CR S4602-4604) IntroReferral B00100 9 Library of Congress 2007-04-17 Introduced in Senate IntroReferral 10000 9 Library of Congress K000352 Sen. Kyl, Jon [R-AZ] Jon Kyl R AZ Llewellyn N M000355 Sen. McConnell, Mitch [R-KY] Mitch McConnell R KY 2007-04-17 True G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. 2007-04-17 True L000447 Sen. Lott, Trent [R-MS] CHESTER LOTT R MS TRENT 2007-04-17 True E000194 Sen. Ensign, John [R-NV] JOHN ENSIGN R NV 2007-04-17 True H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT 2007-04-17 True T000162 Sen. Thomas, Craig [R-WY] CRAIG THOMAS R WY 2007-04-17 True S001142 Sen. Smith, Gordon H. [R-OR] GORDON SMITH R OR H. 2007-04-17 True B001066 Sen. Bunning, Jim [R-KY] JIM BUNNING R KY 2007-04-17 True C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2007-04-17 True R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS 2007-04-17 True D000595 Sen. DeMint, Jim [R-SC] James DeMint R SC W. 2007-04-17 True A000360 Sen. Alexander, Lamar [R-TN] Lamar Alexander R TN 2007-04-17 True M001162 Sen. Martinez, Mel [R-FL] Mel Martinez R FL 2007-04-17 True C000286 Sen. Chambliss, Saxby [R-GA] SAXBY CHAMBLISS R GA 2007-04-17 True B000953 Sen. Brownback, Sam [R-KS] SAM BROWNBACK R KS 2007-04-17 True C000858 Sen. Craig, Larry E. [R-ID] LARRY CRAIG R ID EDWIN 2007-04-17 True A000109 Sen. Allard, Wayne [R-CO] A. ALLARD R CO WAYNE 2007-04-17 True G000359 Sen. Graham, Lindsey [R-SC] Lindsey Graham R SC 2007-04-17 True E000285 Sen. Enzi, Michael B. [R-WY] MICHAEL ENZI R WY B. 2007-04-17 True I000024 Sen. Inhofe, James M. [R-OK] Jim Inhofe R OK 2007-04-17 True B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze 2007-04-17 True C000560 Sen. Coburn, Tom [R-OK] TOM COBURN R OK 2007-04-17 True V000127 Sen. Vitter, David [R-LA] David Vitter R LA 2007-04-30 False I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2007-07-17 False S000709 Sen. Specter, Arlen [R-PA] ARLEN SPECTER R PA 2008-01-22 False Taxation Capital gains tax Commerce Computer software Congress Corporation taxes Depreciation and amortization Dividends Economics and Public Finance Education Elementary and secondary education Finance and Financial Sector Income tax Indexing (Economic policy) Legislation Minimum tax Research and development tax credit Science, Technology, Communications Small business Sunset legislation Tax credits Tax deductions Tax rates Tax simplification Teachers Teaching materials Taxation 00 2007-04-17 Introduced in Senate 2007-05-16T18:44:38Z Invest in America Act - Repeals the general termination date (i.e., December 31, 2010) of the Economic Growth and Tax Relief Reconciliation Act of 2001 (thus making provisions of that Act that reduce income tax rates and repeal the estate and gift tax permanent).

Repeals the termination date in the Jobs Growth Tax Relief Reconciliation Act of 2003 applicable to the reduction in taxes on dividends and capital gains.

Amends the Internal Revenue Code to make permanent: (1) the tax credit for increasing research activities; (2) the increased expensing allowance for small business assets; and (3) the tax deduction for certain expenses of elementary and secondary school teachers. Repeals the alternative minimum tax on individuals after 2006.

Expresses the sense of the Senate that the Committee on Finance should report legislation before December 31, 2007, to simplify the federal income tax system, without raising tax rates.

]]> Invest in America Act Official Title as Introduced A bill to repeal the sunset on certain tax rates and other incentives and to repeal the individual alternative minimum tax, and for other purposes. Introduced in Senate IS Display Title Invest in America Act Short Titles as Introduced Invest in America Act Introduced in Senate 2007-04-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s14is/xml/BILLS-110s14is.xml 2007-04-17 Read twice and referred to the Committee on Finance. 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.