3.0.0 2432 2023-01-11T13:15:26Z 2023-01-11T13:15:26Z Senate S S 2007-12-06 110 ssfi00 Finance Committee Senate Standing Referred to 2007-12-07T00:08:33Z 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 Tax Increase Prevention Act of 2007 110 3996 HR 2007-12-26 Became Public Law No: 110-166. Related bill CRS Invest in America Act 110 14 S 2007-04-17 Read twice and referred to the Committee on Finance. 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 2007-12-06 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-12-06 Introduced in Senate IntroReferral 10000 9 Library of Congress W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI N Taxation Capital gains tax Income tax Minimum tax Tax credits Tax exemption Tax penalties Tax rates Taxation 00 2007-12-06 Introduced in Senate 2008-01-11T16:35:59Z AMT Equity Act of 2007 - Amends the Internal Revenue Code to extend through 2007: (1) the offset of nonrefundable personal tax credits against regular and alternative minimum tax (AMT) liability; and (2) the increased AMT exemption amounts. Repeals, for taxable years beginning in 2007, the AMT for individual taxpayers whose adjusted gross income does not exceed $100,000 ($200,000 in the case of a joint return).

Imposes, for taxable years beginning in 2007, a graduated increase in capital gains tax rates for any individual taxpayer whose adjusted gross income exceeds $1 million ($2 million in the case of a joint return). Exempts such a taxpayer from any estimated tax penalties resulting from an increase in capital gains tax rates in 2007.

]]> AMT Equity Act of 2007 Display Title AMT Equity Act of 2007 Short Titles as Introduced AMT Equity Act of 2007 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide alternative minimum tax relief for 2007 and to provide special tax rates for certain capital gains and qualified dividend income for 2007, and for other purposes. Introduced in Senate 2007-12-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2432is/xml/BILLS-110s2432is.xml 2007-12-06 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.