S. 1861 · 109th Congress
A bill to amend the Internal Revenue Code of 1986 to restore the phaseout of personal exemptions and the overall limitation on itemized deductions.
- Stage
- In committee
- Sponsor
- Tom Harkin
- Introduced
- 2005-10-07
- Latest action
- 2005-10-07 · Introduced in Senate
Summary
Amends the Internal Revenue Code to repeal: (1) the reduction of the phaseout amount for personal tax exemptions; and (2) the phaseout of the overall limitation on itemized tax deductions. Makes permanent the overall limitation on itemized tax deductions.