H.R. 2710 (112th): Fair and Impartial Reform Tax Act of 2011

Introduced:
Jul 29, 2011 (112th Congress, 2011–2013)
Sponsor:
Rep. Paul Tonko [D-NY21]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on July 29, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 29, 2011
Referred to Committee Jul 29, 2011
Cosponsors
none
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to repeal certain tax cuts extended for high income individuals.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Jul 29, 2011.
9 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

7/29/2011--Introduced.
Fair and Impartial Reform Tax Act of 2011 - Amends the Internal Revenue Code to:
(1) revise income tax rates for individuals and increase such rates for taxpayers with adjusted gross incomes in excess of $500,000,
(2) impose limits on and phaseouts of personal exemptions and itemized deductions for high income taxpayers,
(3) increase the tax rate on net capital gains and dividend income, and
(4) increase the alternative minimum tax (AMT) on the net capital gains of noncorporate taxpayers for taxable years beginning after 2011.
Makes the general terminating date of the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) (i.e., December 31, 2012) applicable to the amendments made by this Act.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)