US Congress House Bill 3903 (Prior Session Legislation)

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February 7 2012 - Sponsor introductory remarks on measure. (CR H522)
Text: Latest bill text (Introduced) [PDF]

Paying a Fair Share Act of 2012 - Amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax). Establishes the amount of such tax as the excess (if any) of the tentative fair share tax over the excess of: (1) the sum of the taxpayer's regular tax liability, the alternative minimum tax (AMT) amount, and the payroll tax for the taxable year; over (2) certain tax credits. Provides for a phase-in of such tax. Requires an inflation adjustment to the $1 million income threshold for taxable years beginning after 2013. Expresses the sense of the House of Representatives that Congress should enact tax reform that repeals unfair and unnecessary tax loopholes and expenditures, simplifies the tax system, and makes sure that the wealthiest taxpayers pay a fair share of taxes.

Paying a Fair Share Act of 2012

Rep Baldwin, Tammy	Rep Berkley, Shelley	Rep Brady, Robert A.	Rep Braley, Bruce L.
Rep Carnahan, Russ	Rep Carson, Andre	Rep Castor, Kathy	Rep Chu, Judy
Rep Cicilline, David N.	Rep Clarke, Yvette D.	Rep Clay, Wm. Lacy	Rep Conyers, John, Jr.
Rep Costello, Jerry F.	Rep Courtney, Joe	Rep DeFazio, Peter A.	Rep Dingell, John D.
Rep Doggett, Lloyd	Rep Edwards, Donna F.	Rep Ellison, Keith	Rep Farr, Sam
Rep Filner, Bob	Rep Fudge, Marcia L.	Rep Green, Gene	Rep Gutierrez, Luis V.
Rep Hahn, Janice	Rep Hastings, Alcee L.	Rep Hirono, Mazie K.	Rep Holt, Rush D.
Rep Honda, Michael M.	Rep Jackson-Lee, Sheila	Rep Jackson, Jesse L., Jr.	Rep Johnson, Eddie Bernice
Rep Johnson, Henry C. "Hank," Jr.	Rep Kaptur, Marcy	Rep Kildee, Dale E.	Rep Langevin, James R.
Rep Larsen, Rick	Rep Lee, Barbara	Rep Lujan, Ben Ray	Rep Maloney, Carolyn B.
Rep Markey, Edward J.	Rep McCollum, Betty	Rep McDermott, Jim	Rep McGovern, James P.
Rep Miller, Brad	Rep Miller, George	Rep Moore, Gwen	Rep Moran, James P.
Rep Murphy, Christopher S.	Rep Napolitano, Grace F.	Rep Norton, Eleanor Holmes	Rep Olver, John W.
Rep Owens, William L.	Rep Pascrell, Bill, Jr.	Rep Peters, Gary C.	Rep Pingree, Chellie
Rep Price, David E.	Rep Rangel, Charles B.	Rep Reyes, Silvestre	Rep Richardson, Laura
Rep Rothman, Steven R.	Rep Sanchez, Linda T.	Rep Schakowsky, Janice D.	Rep Scott, Robert C. "Bobby"
Rep Smith, Adam	Rep Speier, Jackie	Rep Stark, Fortney Pete	Rep Sutton, Betty
Rep Towns, Edolphus	Rep Welch, Peter	Rep Wilson, Frederica S.	Rep Woolsey, Lynn C.
Rep Yarmuth, John A.

Date	Chamber	Action
2012-02-07	House	Sponsor introductory remarks on measure. (CR H522)
2012-02-06	House	Referred to the House Committee on Ways and Means.

SB2059 (Same As) 2012-02-01 - Read twice and referred to the Committee on Finance.
SB2230 (Same As) 2012-04-16 - Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 51 - 45. Record Vote Number: 65. (consideration: CR S2313; text: CR S2313)
SB2252 (Related) 2012-03-29 - Read twice and referred to the Committee on Finance.
HB5333 (Related) 2012-05-07 - Referred to House Budget
HB5727 (Same As) 2012-06-04 - Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HN03903:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-112hr3903ih/pdf/BILLS-112hr3903ih.pdf