H.R.2734 - Tax Increase Prevention Act of 2007

To make the Economic Growth and Tax Relief Reconciliation Act of 2001 and certain other tax benefits permanent law. view all titles (2)

All Bill Titles

  • Short: Tax Increase Prevention Act of 2007 as introduced.
  • Official: To make the Economic Growth and Tax Relief Reconciliation Act of 2001 and certain other tax benefits permanent law. as introduced.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill’s Views

  • Today: 1
  • Past Seven Days: 2
  • All-Time: 3,194
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
06/14/07
 
 
 
 
 
 
 

Sponsor

Representative

Tim Walberg

R-MI

View Co-Sponsors (146)

Official Summary

Tax Increase Prevention Act of 2007 - Repeals the general termination date of the Economic Growth and Tax Relief Reconciliation Act of 2001 (i.e., December 31, 2010), thus making the tax reductions enacted by that Act permanent. Repeals the termination date for provisions of the Jobs and Gr

Official Summary

Tax Increase Prevention Act of 2007 - Repeals the general termination date of the Economic Growth and Tax Relief Reconciliation Act of 2001 (i.e., December 31, 2010), thus making the tax reductions enacted by that Act permanent. Repeals the termination date for provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 reducing income tax rates on dividends and capital gains.Amends the Internal Revenue Code to make permanent:
(1) the tax deduction for state and local sales taxes;
(2) the tax deduction for tuition and related expenses;
(3) the increased expensing allowance for small business assets and related provisions; and
(4) the tax credit for increasing research activities. Expresses the sense of the House of Representatives that the Committee on Ways and Means should report legislation on or before December 31, 2008, to simplify the federal income tax system.

...Read the Rest




Vote on This Bill

0% Users Support Bill

0 in favor / 1 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC