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HR 3996 EASIn the Senate of the United States,December 6, 2007.Resolved,That the bill from the House of Representatives (H.R.3996
) entitled `An Act t
One Hundred Tenth Congress
of the
United States of America
AT THE FIRST SESSION
Begun and held at the City of Washington on Thursday,
the fourth day of January, two thousand and seven
An Act
To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes.
', do pass with the followingAMENDMENT:Strike out all after the enacting clause and insert:
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled
,
SECTION 1. SHORT TITLE.
SEC. 2. EXTENSION OF INCREASED ALTERNATIVE MINIMUM TAX EXEMPTION AMOUNT.
(a) In General- Paragraph (1) of section 55(d) of the Internal Revenue Code of 1986 (relating to exemption amount) is amended--
(1) by striking `($62,550 in the case of taxable years beginning in 2006)' in subparagraph (A) and inserting `($66,250 in the case of taxable years beginning in 2007)', and
(2) by striking `($42,500 in the case of taxable years beginning in 2006)' in subparagraph (B) and inserting `($44,350 in the case of taxable years beginning in 2007)'.
(b) Effective Date- The amendments made by this section shall apply to taxable years beginning after December 31, 2006.
SEC. 3. EXTENSION OF ALTERNATIVE MINIMUM TAX RELIEF FOR NONREFUNDABLE PERSONAL CREDITS.
(a) In General- Paragraph (2) of section 26(a) of the Internal Revenue Code of 1986 (relating to special rule for taxable years 2000 through 2006) is amended--
(1) by striking `or 2006' and inserting `2006, or 2007', and
(2) by striking `2006' in the heading thereof and inserting `2007'.
(b) Effective Date- The amendments made by this section shall apply to taxable years beginning after December 31, 2006.
Attest:
Secretary.
110th CONGRESS
1st Session
H. R. 3996
AMENDMENT
Speaker of the House of Representatives.
Vice President of the United States and
President of the Senate.
U.S. Congress - Text of H.R.3996 as Enrolled Bill Temporary Tax Relief Act of 2007
