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12/29/2007--Public Law. (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)<br/>Tax Technical Corrections Act of 2007 - Makes technical amendments and clerical corrections to the Internal Revenue Code, including corrections to provisions enacted by: (1) the Tax Relief and Health Care Act of 2006; (2) the Pension Protection Act of 2006; (3) the Tax Increase Prevention and Reconciliation Act of 2005; (4) the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users; (5) the Energy Policy Act of 2005; (6) the American Jobs Creation Act of 2004; (7) the Economic Growth and Tax Relief Reconciliation Act of 2001; (8) the Tax Relief Extension Act of 1999; and (9) the Internal Revenue Service Restructuring and Reform Act of 1998. Makes the amendments made by this Act effective as of the effective date of the Acts to which they relate.<br/>(Sec. 2) Revises the formula for calculating the alternative minimum tax (AMT) refundable credit amount.<br/>(Sec. 3) Revises and expands the exclusion from gross income for distributions from individual retirement accounts (IRAs) made for charitable purposes. Revises the basis rule for contributions of appreciated property by an S corporation. Modifies criteria for charitable contributions of property to tax-exempt organizations to require officers of such organizations to certify that the organization's use of such property was substantial. Eliminates special valuation rules for estate and gift tax purposes. Applies certain tax penalties for substantial and gross valuation misstatements to estates and gifts. Provides for the inclusion of capital gains from appreciation in the tax base of private foundation net investment income. Requires the Internal Revenue Service (IRS) to make public certain tax information relating to the unrelated business income of tax-exempt organizations.<br/>(Sec. 4) Revises the tax treatment of dividends, interest, rents, and royalties received by a controlled foreign corporation from a related entity that creates or increases a deficit in subpart F income.<br/>Modifies rules for the foreign tax credit relating to the definition of active business income and the tentative minimum tax on nonexcluded income.<br/>(Sec. 5) Modifies rules for filing excise tax refund claims for alternative fuel mixtures and the definition of alternative fuels relating to hydrogen and carbon resources.<br/>(Sec. 6) Modifies provisions relating to the authority of the Secretary of the Treasury to allocate amounts under the tax credit for production of electricity from nuclear power facilities.<br/>Revises definitions relating to qualified alternative fuel refueling property for purposes of the tax credit for investment in such property.<br/>Limits the type of energy research eligible for the tax credit for increasing research activities. Permits a refund in the amount of the Leaking Underground Storage Tank Trust Fund financing rate of additional taxes imposed from the use of dyed fuel. Makes such financing rate applicable to off-highway business use of gasoline. (Sec. 7) Removes certain restrictions relating to basis reduction and deductibility for the tax credit for production of low sulfur diesel fuel.<br/>Eliminates the requirement that open-loop biomass be segregated from other waste material in order to be eligible for the tax credit for producing electricity from renewable resources.<br/>Eliminates certain restrictions on tax-exempt use property.<br/>Provides additional rules for the treatment of losses on positions in identified straddles (i.e., offsetting positions in actively traded personal property).<br/>(Sec. 8) Applies certain tax rules relating to deferral limits and social security taxes for Roth IRA contributions.<br/>(Sec. 9) Qualifies certain wind energy facilities placed in service prior to June 30, 1999, for the tax credit for producing electricity from renewable resources.<br/>Revises the definition of &quot;lodging facility&quot; for purposes of tax rules relating to real estate investment trusts (REITs).<br/>(Sec. 10) Authorizes redactions to background documents (to the extent permitted by law) used by the Office of the IRS Chief Counsel to provide tax advice or information.<br/>

1198904400 2007-12-29 Fri Nov 07 04:06:25 -0600 2008 passed senate 48285 'act':4 'tax':1 '2007':6 'correct':3 'technic':2 56038 false short enacted 48285 'act':4 'tax':1 '2007':6 'correct':3 'technic':2 56039 false short introduced 48285 '1986':8 'code':6 'make':10 'amend':2 'intern':4 'purpos':16 'revenu':5 'correct':12 'technic':11 55885 false official introduced 48285 'act':4 'tax':1 '2007':6 'correct':3 'technic':2 55884 false short passed house 48285 'act':4 'tax':1 '2007':6 'correct':3 'technic':2 56037 false short signed 48285 1198904400 Sat Dec 29 00:00:00 -0600 2007 141695 Signed by President. R000053 1930-06-11 10060 2354 Rayburn House Office Building https://forms.house.gov/rangel/forms/contact.shtml 15 202-225-0816 Charles 'd':4 'ny':5 '-15':6 'rep':1 'charl':2,7,9 'rangel':3,8,10 M 400333 Rangel Charles_B._Rangel B. Rep. Charles Rangel [D, NY-15] 4292 N00000964 15978 Democrat 202-225-4365 Roman Catholic NY Charlie Charles Rangel 1.17647058823529 http://www.house.gov/rangel/ RepRangel enacted 48285 1198904400 Sat Dec 29 00:00:00 -0600 2007 141736 Became Public Law No: 110-172. signed 48285 1198904400 Sat Dec 29 00:00:00 -0600 2007 141695 Signed by President. topresident 48285 1198731600 Thu Dec 27 00:00:00 -0600 2007 143518 Presented to President. topresident 48285 1198213200 Fri Dec 21 00:00:00 -0600 2007 141694 Presented to President. action 48285 1198126800 Thu Dec 20 00:00:00 -0600 2007 141640 Message on Senate action sent to the House. vote 48285 1198101720 Wed Dec 19 18:02:00 -0600 2007 without objection 141244 pass On passage Passed without objection. vote h action 48285 1198101720 Wed Dec 19 18:02:00 -0600 2007 141242 Mrs. McCarthy (NY) asked unanimous consent to discharge from committee and consider. action 48285 1198101720 Wed Dec 19 18:02:00 -0600 2007 141243 Considered by unanimous consent. action 48285 1198101600 Wed Dec 19 18:00:00 -0600 2007 141639 Committee on Ways and Means discharged. topresident 48285 1198040400 Wed Dec 19 00:00:00 -0600 2007 141246 Cleared for White House. action 48285 1198040400 Wed Dec 19 00:00:00 -0600 2007 141245 Received in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. action 48285 1198040400 Wed Dec 19 00:00:00 -0600 2007 141241 Referred to the House Committee on Ways and Means. vote 48285 1198040400 Wed Dec 19 00:00:00 -0600 2007 by Unanimous Consent 147832 pass Received in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. vote2 s introduced 48285 1198040400 Wed Dec 19 00:00:00 -0600 2007 141240