3.0.0 6467 2023-01-11T13:21:14Z 2023-01-11T13:21:14Z House H HR 2010-12-01 111 hsbu00 Budget Committee House Standing Referred to 2010-12-01T15:02:20Z hswm00 Ways and Means Committee House Standing Referred to 2010-12-01T15:02:15Z Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 111 4853 HR 2010-12-17 Became Public Law No: 111-312. Related bill CRS 2010-12-01 Referred to House Budget IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2010-12-01 Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2010-12-01 Referred to House Ways and Means IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2010-12-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-12-01 Introduced in House IntroReferral 1000 9 Library of Congress L000263 Rep. Levin, Sander M. [D-MI-12] SANDER LEVIN D MI M. 12 N Taxation Business investment and capital Capital gains tax Income tax credits Income tax deductions Income tax exclusion Income tax rates Inflation and prices Interest, dividends, interest rates Small business Tax treatment of families Taxation 00 2010-12-01 Introduced in House 2010-12-03T14:49:01Z Middle Class Tax Relief Act of 2010 - Makes the general terminating date of the Economic Growth and Tax Relief Reconciliation Act of 2010 (EGTRRA) (i.e., December 31, 2010) inapplicable to provisions of that Act relating to individual income tax rate reductions, tax benefits related to children and adoption, marriage penalty relief, and education. Repeals the terminating date of the Jobs Growth Tax Relief Reconciliation Act of 2003 that applies to reductions in the tax rate for capital gains and dividend income, subject to the income thresholds set forth by this Act..

Amends the Internal Revenue Code to: (1) establish permanent reductions in income tax rates for individual taxpayers whose adjusted gross income is $200,000 or less ($250,000 for married couples filing joint tax returns); (2) allow a permanent exemption from limitations on itemized tax deductions and personal exemptions for individual taxpayers whose adjusted gross income is $200,000 or less ($250,000 for married couples filing joint tax returns); (3) allow a 15% tax rate on capital gains and dividend income for individual taxpayers whose adjusted gross income is $200,000 or less ($250,000 for married couples filing joint tax returns); (4) allow a permanent increase in the refundable portion of the child tax credit; (5) make permanent the increased earned income tax credit and the modifications to such credit enacted by EGTRRA; (6) make permanent the increased ($125,000) expensing allowance for depreciable business and investment property; and (7) extend through 2011 the increased alternative minimum tax (AMT) exemption amounts and the offset against the AMT for certain nonrefundable personal tax credits.

Provides for compliance of the budgetary effects of this Act with the Statutory Pay-As-You-Go Act of 2010.

]]> Middle Class Tax Relief Act of 2010 Display Title Middle Class Tax Relief Act of 2010 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide middle class tax relief, and for other purposes. Introduced in House IH Short Titles as Introduced Middle Class Tax Relief Act of 2010 Introduced in House 2010-12-01T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr6467ih/xml/BILLS-111hr6467ih.xml 2010-12-01 Referred to House Budget 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.