Minimum Tax Reform Act of 1993

Summary

Minimum Tax Reform Act of 1993 - Amends the Internal Revenue Code to revise adjustments in computing alternative minimum taxable income and allow companies to use the 150-percent declining balance method to compute depreciation, except for environmental assets. Allows companies to use pre-1993 minimum tax credits against alternative tax liability for up to 50 percent of that liability, with limitations. Allows businesses to reduce up to 25 percent of their minimum tax liability with general business credits.

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Timeline

1. 30 April 1993

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 30 April 1993

   Introduced

   Sponsor introductory remarks on measure. (CR S5280-5281)

   Source: IntroReferral

3. 30 April 1993

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 30 April 1993 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 30 April 1993

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 30 April 1993

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 30 April 1993

  Open at official source

Sponsors

• Sen. Boren, David L. [D-OK] · D · Sponsor
• Sen. Danforth, John C. [R-MO] · R · Sponsor
• Sen. Wallop, Malcolm [R-WY] · R · Cosponsor
• Sen. Durenberger, Dave [R-MN] · R · Cosponsor
• · ssfi00 · Standing

Related records

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