S.2416 - Taxpayer Choice Act of 2007

A bill to amend the Internal Revenue Code of 1986 to repeal the alternative minimum tax on individuals and replace it with an alternative tax individuals may choose. view all titles (2)

All Bill Titles

  • Official: A bill to amend the Internal Revenue Code of 1986 to repeal the alternative minimum tax on individuals and replace it with an alternative tax individuals may choose. as introduced.
  • Short: Taxpayer Choice Act of 2007 as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
12/05/07
 
 
 
 
 
 
 

Sponsor

Senator

Jim DeMint

R-SC

No Co-Sponsors

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Official Summary

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

Official Summary

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.

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