A bill to amend the Internal Revenue Code of 1986 to increase the maximum taxable income for the 15 percent rate bracket, to replace the Consumer Price Index with the national average wage index for purposes of cost-of-living adjustments, to lessen the impact of the noncorporate alternative minimum tax, and for other purposes.

Summary

Amends the Internal Revenue Code to: (1) increase the maximum taxable income for the 15 percent rate bracket; (2) replace the Consumer Price Index with the national average wage index for purposes of cost-of-living adjustments; and (3) adjust for inflation the exemption amounts used in calculating the alternative minimum tax.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 4 March 1999

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 4 March 1999

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 4 March 1999

  Open at official source

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