A bill to amend the Internal Revenue Code of 1986 to exclude tax-exempt interest from the computation of the alternative minimum tax and the amount of Social Security benefits to be taxed.

referredUnited States· United States Congress· EN

Introduced

19 February 1987

Last action

—

Status

Read twice and referred to the Committee on Finance.

Summary

Amends the Internal Revenue Code to eliminate tax-exempt interest on specified private activity bonds as an item of tax preference for purposes of alternative minimum tax or as a consideration in determining a corporation's adjusted net book income or current earnings.

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Timeline

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Votes

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 19 February 1987
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/senate-bill/564
Open data entity: https://api.congress.gov/v3/bill/100/s/564