Permanent Tax Relief Act of 2011

Permanent Tax Relief Act of 2011 - Makes provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 that reduce income tax rates on dividend and capital gain income permanent.

Amends the Internal Revenue Code to reduce individual income tax rates for calendar years after 2010.

Makes the general terminating date (i.e., December 10, 2010) of the Economic Growth and Tax Relief Reconciliation Act of 2001 inapplicable to provisions of that Act that reduce individual income tax rates.