H.R. 1538 · 109th Congress
To amend the Internal Revenue Code of 1986 to increase the exemption amounts for individuals under the…
Full title
To amend the Internal Revenue Code of 1986 to increase the exemption amounts for individuals under the alternative minimum tax.
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
IsraelSponsor5 cosponsors · 5 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Internal Revenue Code to increase the exemption amount under the alternative minimum tax to $100,000 for married taxpayers filing joint tax returns and surviving spouses and to $75,000 for unmarried taxpayers. Increases the phase-out levels for calculating reductions in the such exemption amount and the rate of phase-out.
What it does: CRS summary · Introduced in House · Apr 8, 2005
Amends the Internal Revenue Code to increase the exemption amount under the alternative minimum tax to $100,000 for married taxpayers filing joint tax returns and surviving spouses and to $75,000 for unmarried taxpayers. Increases the phase-out levels for calculating reductions in the such exemption amount and the rate of phase-out. Provides for an inflation adjustment to the exemption amount and phase-out level. Exempts the amendments made by this Act from the general terminating date of the Economic Growth and Tax Relief Reconciliation Act of 2001 (December 31, 2010).
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to increase the exemption amounts for individuals under the alternative minimum tax.
Latest action (Apr 8, 2005): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Apr 8, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.