A bill to amend the Internal Revenue Code of 1954 to increase the effectiveness of the minimum tax for tax preferences.

Summary

Provides that the sum of items of tax preference in excess of $10,000 (presently $30,000) shall be subject to the 10 percent tax on tax preferences under the Internal Revenue Code.

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

Timeline

1. 21 January 1975

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 21 January 1975

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 21 January 1975

  Open at official source

Sponsors

• Sen. Biden, Joseph R., Jr. [D-DE] · D · Sponsor
• Sen. Hollings, Ernest F. [D-SC] · D · Cosponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.