S. 2293 · 110th Congress
Individual Alternative Minimum Tax Repeal Act of 2007
- Stage
- Introduced
- Sponsor
- Trent Lott
- Introduced
- 2007-11-01
- Latest action
- 2007-11-02 · Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 464.
Summary
Individual Alternative Minimum Tax Repeal Act of 2007 - Amends the Internal Revenue Code to: (1) repeal the alternative minimum tax (AMT) for individuals after 2006; and (2) exempt taxpayers with no AMT liability prior to 2006 from current AMT estimated tax penalties.