To amend the Internal Revenue Code of 1986 to simplify the $500 per child tax credit and other individual nonrefundable credits by repealing the complex limitations on the allowance of those credits resulting from their interaction with the alternative minimum tax.

Summary

Amends the Internal Revenue Code with respect to nonrefundable personal credits to revise the limitation based on the amount of tax to provide that the aggregate amount allowed for such credits shall not exceed the sum of: (1) the taxpayer's regular tax liability; and (2) the alternative minimum tax.

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

Timeline

1. 6 August 1998

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 6 August 1998

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 August 1998

   Introduced

   Introduced in House

   Source: IntroReferral

4. 7 August 1998

   Introduced

   Sponsor introductory remarks on measure. (CR E1608-1609)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 6 August 1998 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 August 1998

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 6 August 1998

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 6 August 1998

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Neal, Richard E. [D-MA-1] · D · Sponsor
• Rep. Kennelly, Barbara B. [D-CT-1] · D · Sponsor
• Rep. Matsui, Robert T. [D-CA-5] · D · Sponsor
• Rep. Stark, Fortney Pete [D-CA-13] · D · Sponsor
• Rep. Thurman, Karen L. [D-FL-5] · D · Sponsor
• Rep. Lee, Barbara [D-CA-12] · D · Sponsor
• Rep. McDermott, Jim [D-WA-7] · D · Cosponsor
• Rep. Gejdenson, Sam [D-CT-2] · D · Cosponsor
• Rep. Price, David E. [D-NC-4] · D · Cosponsor
• Rep. Woolsey, Lynn C. [D-CA-6] · D · Cosponsor
• Rep. Kucinich, Dennis J. [D-OH-10] · D · Cosponsor
• Rep. Frank, Barney [D-MA-4] · D · Cosponsor
• Rep. Hilliard, Earl F. [D-AL-7] · D · Cosponsor
• Rep. Slaughter, Louise McIntosh [D-NY-25] · D · Cosponsor
• · hswm00 · Standing

Related records

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