To amend the Internal Revenue Code of 1986 to allow the nonrefundable personal credits, the standard deduction, and the deduction for personal exemptions in determining alternative minimum tax liability.

openUnited States· United States Congress· EN

Introduced

23 September 1997

Last action

24 September 1997 · Introduced

Status

Sponsor introductory remarks on measure. (CR E1833)

Sponsors

Rep. Kennelly, Barbara B. [D-CT-1], Rep. Rangel, Charles B. [D-NY-15], Rep. Neal, Richard E. [D-MA-1], Rep. Rivers, Lynn N. [D-MI-13], Rep. Lewis, John [D-GA-5], Rep. Sabo, Martin Olav [D-MN-5], Rep. Tierney, John F. [D-MA-6], Rep. Gejdenson, Sam [D-CT-2], Rep. Skaggs, David E. [D-CO-2], Rep. Gordon, Bart [D-TN-6], Rep. DeLauro, Rosa L. [D-CT-3], Rep. Paul, Ron [R-TX-14], Rep. Torres, Esteban Edward [D-CA-34], Rep. Thurman, Karen L. [D-FL-5], Rep. Danner, Pat [D-MO-6], Rep. Lofgren, Zoe [D-CA-18], Rep. Hefner, W. G. (Bill) [D-NC-8], Rep. Abercrombie, Neil [D-HI-1], Rep. Ford, Harold E., Jr. [D-TN-9], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Filner, Bob [D-CA-51], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Barrett, Thomas M. [D-WI-5], Rep. Yates, Sidney R. [D-IL-9], Rep. Olver, John W. [D-MA-1], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Wynn, Albert Russell [D-MD-4], Rep. Matsui, Robert T. [D-CA-5], Rep. Moran, James P. [D-VA-8], Rep. Thompson, Bennie G. [D-MS-2], Rep. Petri, Thomas E. [R-WI-6], Rep. McGovern, James P. [D-MA-2], Rep. Lowey, Nita M. [D-NY-17], Del. Christensen, Donna M. [D-VI-At Large], Rep. Coyne, William J. [D-PA-14], Rep. Kilpatrick, Carolyn C. [D-MI-13], Rep. Vento, Bruce F. [D-MN-4], Rep. Pelosi, Nancy [D-CA-11], Rep. Sanchez, Loretta [D-CA-46], Rep. Sandlin, Max [D-TX-1], Rep. Kennedy, Patrick J. [D-RI-1], Rep. Miller, George [D-CA-11], Rep. Frost, Martin [D-TX-24], Rep. Capps, Lois [D-CA-24]

Subjects

Taxation

Source updated

7 February 2024

Taxation

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Summary

Amends the Internal Revenue Code to revise the aggregate amount of credits allowed so that such amount shall not exceed the sum of: (1) the taxpayer's regular tax liability; plus (2) the alternative minimum tax amount. Permits the standard deduction and the deduction for personal exemptions to be used in calculating alternative minimum taxable income.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

23 September 1997
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
23 September 1997
Introduced
Introduced in House
Source: IntroReferral
23 September 1997
Introduced
Introduced in House
Source: IntroReferral
24 September 1997
Introduced
Sponsor introductory remarks on measure. (CR E1833)
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 23 September 1997 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 23 September 1997
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Introduced in House (PDF)
Introduced in House · EN · 23 September 1997
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Introduced in House
summary · EN · 23 September 1997
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Related records

related to ← A bill to amend the Internal Revenue Code of 1986 to allow the nonrefundable personal credits, the standard deduction, and the deduction for personal exemptions in determining alternative minimum tax liability.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/105th-congress/house-bill/2524
Open data entity: https://api.congress.gov/v3/bill/105/hr/2524
us · 105-hr-2524 · source updated 7 February 2024