Summary: H.R.2495 — 112th Congress (2011-2012)All Information (Except Text)

There is one summary for H.R.2495. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/11/2011)

Tax Equity and Middle Class Fairness Act of 2011 - Repeals or revises tax expenditure provisions in the Internal Revenue Code relating to: (1) the production of oil and gas; (2) the production and development of coal resources; (3) individuals, including a phase-out of health savings and Archer medical savings accounts; (4) business taxpayers, including the elimination of certain expensing allowances and the repeal of capital gain treatment for the sale of timber; and (5) certain international tax preferences.