S.2230: Paying a Fair Share Act of 2012

About This Bill

Bill Summary

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...

(Source: Library of Congress)

Bill Actions

Date Description
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 339.
Motion to proceed to consideration of measure made in Senate.
Motion to proceed to measure considered in Senate.
Motion to proceed to measure considered in Senate.
Cloture motion on the motion to proceed to measure presented in Senate.
Motion to proceed to measure considered in Senate.
Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 51 - 45. Record Vote Number: 65.
March 22, 2012

Introduced in the Senate by Sheldon Whitehouse (D-R.I.)

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