A bill to amend the Internal Revenue Code of 1986 to provide that the depreciation rules which apply for regular tax purposes shall also apply for alternative minimum tax purposes, to allow a portion of the tentative minimum tax to be offset by the minimum tax credit, and for other purposes.

Summary

Amends the Internal Revenue Code to permit the use of the regular depreciation rules for purposes of the alternative minimum tax. Revises provisions relating to credit for prior year minimum tax liability to set forth a special rule for taxpayers with long-term unused credits.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 29 June 1995

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 29 June 1995

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• Introduced in Senate

  summary · EN · 29 June 1995

  Open at official source

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