H.R.1906: To amend the Internal Revenue Code of 1986 to adjust the estimated tax payment safe harbor based on income for the preceding year in the case of individuals with adjusted gross income greater than $5 million.

About This Bill

  • This bill was introduced in the 110th Congress
  • This bill is primarily about taxation
  • Introduced April 18, 2007
  • Latest Major Action April 19, 2007

Bill Summary

Amends the Internal Revenue Code to increase (from 110% to 110.1%) the estimated tax payment safe harbor percentage for determining the amount of estimated tax payable by individual taxpayers whose adjusted gross income for the preceding taxable year exceeds $5 million.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Rules Committee Resolution H. Res. 317 Reported to House. Rule provides for consideration of H.R. 1905 and H.R. 1906. With respect to H.R. 1905, all points of order against the bill and against its consideration are waived except those arising under clause 9 or 10 of rule XXI. The bill shall be considered as read. The bill is closed to amendments and shall be considered in the House. With respect to H.R. 1906, all points of order against the bill and against its consideration are waived except those arising under clause 9 or 10 of rule XXI. The bill shall be considered as read. The bill is closed to amendments and shall be considered in the House.
Rule H. Res. 317 passed House.
Considered under the provisions of rule H. Res. 317.
Rule provides for consideration of H.R. 1905 and H.R. 1906. With respect to H.R. 1905, all points of order against the bill and against its consideration are waived except those arising under clause 9 or 10 of rule XXI. The bill shall be considered as read. The bill is closed to amendments and shall be considered in the House. With respect to H.R. 1906, all points of order against the bill and against its consideration are waived except those arising under clause 9 or 10 of rule XXI. The bill shall be considered as read. The bill is closed to amendments and shall be considered in the House.
DEBATE - The House proceeded with one hour of debate on H.R. 1906.
The previous question was ordered pursuant to the rule.
Motion to reconsider laid on the table Agreed to without objection.
On passage Passed by the Yeas and Nays: 216 - 203 (Roll no. 232).
Pursuant to the provisions of H. Res. 317, H.R. 1906 is laid on the table.
April 18, 2007

Introduced in the House by Eleanor Holmes Norton (D-D.C.)

Close Comment Creative Commons Donate Email Facebook Mobile Phone Podcast Print Google News logo Google_NewsInitiative_Lockup_FullColor RSS Search Search Twitter WhatsApp Resolving differences Check Building Arrow right Info circle Oops OOPS Pencil File text Bars Search Close Cogs Filter Compare Revolving Door Info card Activity Member menu Globe Document External link Quote News Calendar No Vote
Current site Current page