US SB336 | 2011-2012 | 112th Congress

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 14 2011 - 25% progression, died in committee
Action: 2011-02-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Tax Relief Certainty Act of 2011 - Eliminates: (1) the terminating date of the Economic Growth and Tax Relief Reconciliation Act of 2001, thus making the tax relief provisions of such Act permanent; and (2) the terminating date of the Jobs and Growth Tax Relief Reconciliation Act of 2003 applicable to reductions in the tax rate for dividend and capital gain income. Amends the Internal Revenue Code to: (1) phase-in between 2011 through 2021increases in the exemption amount for the alternative minimum tax (AMT); and (2) make permanent offsets against the AMT for certain nonrefundable tax credits. Makes permanent the repeal of the estate, gift, and generation-skipping transfer taxes for decedents dying, gifts made, and generation skipping transfers after December 31, 2009.

Tracking Information

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Title

Tax Relief Certainty Act of 2011

Sponsors

Sen. Jim DeMint [R-SC]

History

DateChamberAction
2011-02-14SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB696 (Same As) 2011-02-14 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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