S.2293 - Federal Government - A bill to amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax, and for other purposes.

Individual Alternative Minimum Tax Repeal Act of 2007 - Amends the Internal Revenue Code to: (1) repeal the alternative minimum tax (AMT) for individuals after 2006; and (2) exempt taxpayers with no AMT liability prior to 2006 from current AMT estimated tax penalties.