Individual Tax Simplification Act of 2005

Summary

Individual Tax Simplification Act of 2005 - Revises provisions of the Internal Revenue Code pertaining to: (1) the alternative minimum tax; (2) the phaseout of the tax credits for adoption expenses, child care, and educational assistance based on modified adjusted gross income; and (3) the capital gains tax. Repeals, after 2005: (1) the overall limitation on itemized tax deductions; (2) the phaseout of personal tax exemptions; and (3) the alternative minimum tax on individuals. Imposes an additional income tax on adjusted gross incomes exceeding certain threshold levels to ensure the revenue neutrality of this Act.

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Timeline

1. 16 June 2005

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 16 June 2005

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 June 2005

   Introduced

   Introduced in House

   Source: IntroReferral

4. 22 June 2005

   Introduced

   Sponsor introductory remarks on measure. (CR H4904)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 16 June 2005 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 June 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 June 2005

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 16 June 2005

  Open at official source

Sponsors

• Richard Neal · D · Sponsor
• · hswm00 · Standing

Related records

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