AMT Credit Fairness and Relief Act of 2007
To amend the Internal Revenue Code of 1986 to increase the AMT refundable credit amount for individuals with long-term unused credits for prior year minimum tax liability, and for other purposes.
Other Bill Titles (2 more) 10/16/2007--Introduced.
AMT Credit Fairness and Relief Act of 2007 - Amends the Internal Revenue Code to:
(1) increase the alternative minimum tax (AMT) refundable credit amount for individuals who have long-term unused minimum tax credits from prior taxable years; and />(2) abate any underpayment of tax attributable to the application of special AMT rules for the treatment of incentive stock options.
... moreSee Full Bill Text
Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| October 16, 2007 |
In the News
February 28, 2008 Reform Jewish Movement Urges Congress to Extend Deadline to Sign ...
... citizens and ensure the wellbeing and dignity of the disability community by ensuring the passage of the Medicare Informed Choice Act (HR 3861/S. 1841). ...
Blog Coverage
September 27, 2008 ppc.thomson.com â Guidance you trust, tools you can use.
[Editor's Note: H.R. 3861 and S. 2389 would accelerate the minimum tax credit associated with AMT items, remove the current phase-out when a taxpayer's AGI exceeds the Section 53(e) threshold amount, and abate unpaid AMT liabilities, ...
September 03, 2008 IRS Temporarily Delays Collection of Incentive Stock Option AMT ...
"We are currently working to help these ISO AMT families through the enactment of AMT Credit Fairness and Relief Act of 2007 (HR 3861), and its companion bill (Sen 2389). These bills work off earlier legislation contained in the Tax ...
September 01, 2008 IRS Agrees To Suspend Collection Of Incentive Stock Option AMT ...
Congress is currently working to help these taxpayers through the enactment of the AMT Credit Fairness and Relief Act of 2007 (H.R. 3861), and its companion bill in the Senate (S. 2389). ...
Source: Tax-News.Com Daily Headlines










