S.2416 - Taxpayer Choice Act of 2007110th Congress (2007-2008)
|Sponsor:||Sen. DeMint, Jim [R-SC] (Introduced 12/05/2007)|
|Latest Action:||12/06/2007 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 524.|
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Summary: S.2416 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in Senate (12/05/2007)
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.