S. 2416 · 110th Congress
Taxpayer Choice Act of 2007
- Stage
- Introduced
- Sponsor
- Jim DeMint
- Introduced
- 2007-12-05
- Latest action
- 2007-12-06 · Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 524.
Summary
Taxpayer Choice Act of 2007 - Amends the Internal Revenue Code to: (1) repeal the alternative minimum tax on individual taxpayers after 2006; and (2) allow taxpayers to elect an alternative income tax system.
Makes permanent the capital gains and dividends rate reductions enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2001.