US HB2710 | 2011-2012 | 112th Congress

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on July 29 2011 - 25% progression, died in committee
Action: 2011-07-29 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Fair and Impartial Reform Tax Act of 2011 - Amends the Internal Revenue Code to: (1) revise income tax rates for individuals and increase such rates for taxpayers with adjusted gross incomes in excess of $500,000, (2) impose limits on and phaseouts of personal exemptions and itemized deductions for high income taxpayers, (3) increase the tax rate on net capital gains and dividend income, and (4) increase the alternative minimum tax (AMT) on the net capital gains of noncorporate taxpayers for taxable years beginning after 2011. Makes the general terminating date of the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) (i.e., December 31, 2012) applicable to the amendments made by this Act.

Tracking Information

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Title

Fair and Impartial Reform Tax Act of 2011

Sponsors

Rep. Paul Tonko [D-NY]

History

DateChamberAction
2011-07-29HouseReferred to the House Committee on Ways and Means.

Same As/Similar To

HB6100 (Related) 2012-07-11 - Referred to the House Committee on Ways and Means.
HB6104 (Related) 2012-07-11 - Referred to the House Committee on Ways and Means.
SB3393 (Related) 2012-07-18 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 457.
SB3412 (Related) 2012-07-25 - Passed Senate without amendment by Yea-Nay Vote. 51 - 48. Record Vote Number: 184. (text: CR S5355-5356)
HB6262 (Related) 2012-08-01 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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