US Congress Senate Bill 321 (Prior Session Legislation)

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Spectrum: Strong Partisan Bill (Democrat 13-1)
Status: Introduced on February 13 2013 - 25% progression, died in committee
Action: 2013-02-13 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Paying a Fair Share Act of 2013 - 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 2014. Expresses the sense of the Senate 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 2013

Sen. Sheldon Whitehouse [D-RI]	Sen. Tammy Baldwin [D-WI]	Sen. Richard Blumenthal [D-CT]	Sen. Barbara Boxer [D-CA]
Sen. Al Franken [D-MN]	Sen. Tom Harkin [D-IA]	Sen. Frank Lautenberg [D-NJ]	Sen. Patrick Leahy [D-VT]
Sen. Carl Levin [D-MI]	Sen. Jeff Merkley [D-OR]	Sen. Jack Reed [D-RI]	Sen. John Rockefeller [D-WV]
Sen. Bernard Sanders [I-VT]	Sen. Elizabeth Warren [D-MA]

Date	Chamber	Action
2013-02-13	Senate	Read twice and referred to the Committee on Finance.

HB699 (Related) 2013-03-01 - Referred to the Subcommittee on General Farm Commodities and Risk Management.
SB278 (Related) 2013-02-11 - Read twice and referred to the Committee on Finance.
HB766 (Same As) 2013-02-15 - Referred to the House Committee on Ways and Means.
SB277 (Related) 2013-02-11 - Read twice and referred to the Committee on Finance.
HB348 (Related) 2013-01-22 - Referred to the House Committee on Ways and Means.
SB388 (Related) 2013-02-28 - Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure (Record Vote No. 27) entered in Senate.
HB2060 (Related) 2013-05-20 - Referred to House Agriculture
SB2432 (Related) 2014-09-18 - Motion to proceed to consideration of measure made in Senate. (consideration: CR S5725-5726)
SB2789 (Related) 2014-09-10 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/321/all-info
Text	https://www.congress.gov/113/bills/s321/BILLS-113s321is.pdf