US Congress Senate Bill 2789 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 16-0)
Status: Introduced on September 10 2014 - 25% progression, died in committee
Action: 2014-09-10 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

IDEA Full Funding Act - Amends the Individuals with Disabilities Education Act (IDEA) to reauthorize and make appropriations through FY2024 for the grant program to assist states and outlying areas to provide special education and related services to children with disabilities. 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 2016.

IDEA Full Funding Act

Sen. Tom Harkin [D-IA]	Sen. Tammy Baldwin [D-WI]	Sen. Michael Bennet [D-CO]	Sen. Richard Blumenthal [D-CT]
Sen. Robert Casey [D-PA]	Sen. Richard Durbin [D-IL]	Sen. Al Franken [D-MN]	Sen. Kay Hagan [D-NC]
Sen. Tim Johnson [D-SD]	Sen. Patrick Leahy [D-VT]	Sen. Barbara Mikulski [D-MD]	Sen. Patty Murray [D-WA]
Sen. Jack Reed [D-RI]	Sen. Jeanne Shaheen [D-NH]	Sen. Elizabeth Warren [D-MA]	Sen. Sheldon Whitehouse [D-RI]

Date	Chamber	Action
2014-09-10	Senate	Read twice and referred to the Committee on Finance.
2014-09-10	Senate	Sponsor introductory remarks on measure. (CR S5509-5510)

HB699 (Related) 2013-03-01 - Referred to the Subcommittee on General Farm Commodities and Risk Management.
HB766 (Related) 2013-02-15 - Referred to the House Committee on Ways and Means.
HB4136 (Related) 2014-06-13 - Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.
HB4582 (Related) 2014-06-13 - Referred to the Subcommittee on Higher Education and Workforce Training.
SB108 (Related) 2013-01-23 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
SB277 (Related) 2013-02-11 - Read twice and referred to the Committee on Finance.
SB278 (Related) 2013-02-11 - Read twice and referred to the Committee on Finance.
SB321 (Related) 2013-02-13 - Read twice and referred to the Committee on Finance.
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.
SB2292 (Related) 2014-06-04 - Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection. Hearings held.
SB2432 (Related) 2014-09-18 - Motion to proceed to consideration of measure made in Senate. (consideration: CR S5725-5726)

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/2789/all-info
Text	https://www.congress.gov/113/bills/s2789/BILLS-113s2789is.pdf