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6/25/2008--Passed House amended. Alternative Minimum Tax Relief Act of 2008 - Title I: Individual Tax Relief - Amends the Internal Revenue Code to: (1) increase and extend through 2008 the alternative minimum tax (AMT) exemption amounts; and (2) extend through 2008 the offset of certain nonrefundable personal tax credits against regular and AMT tax liability.<br/>Title II: Revenue Provisions- (Sec. 201) Defines an &quot;investment services partnership interest&quot; as any interest in a partnership held by a person who provides services to a partnership by: (1) advising the partnership about investing in, purchasing, or selling specified assets; (2) managing, acquiring, or disposing of specified assets; or (3) arranging financing with respect to acquiring specified assets. Treats as ordinary income (i.e., income taxed at regular income tax rates) net income received by a partner from such an interest, except to the extent such income is attributable to the partner's invested capital. Sets forth rules for the treatment of losses with respect to such an interest.<br/>Directs the Secretary of the Treasury to prescribe regulations for implementing tax rules relating to such interests. Exempts real estate investment trusts (REITs) and publicly traded partnerships from the application of ordinary income tax rules for such interests. Imposes tax penalties for underpayment of tax resulting from noncompliance with tax rules relating to such interests. Makes net income from such an interest subject to self-employment tax. (Sec. 202) Denies any major integrated oil company (a company with an average daily worldwide production of crude oil of at least 500,000 barrels for the taxable year and gross receipts in excess of $1 billion for its last taxable year ending during calendar year 2005) a tax deduction for income attributable to the domestic production, refining, processing, transportation, or distribution of oil, gas, or any primary product thereof.<br/>Reduces the tax deduction for income attributable to domestic production activities for taxpayers other than major integrated oil companies by 3% of the least of their: (1) oil related qualified production activities for the taxable year; (2) qualified production activities income for the taxable year; or (3) taxable income. Defines &quot;oil related qualified production activities income&quot; as income attributable to the production, refining, processing, transportation, or distribution of oil, gas, or any primary product thereof. Makes such provisions effective for taxable years beginning in 2009.<br/>(Sec. 203) Prohibits any reduction of tax withholding for payments made by a U.S. subsidiary of a foreign parent corporation to a related subsidiary in any country that has a tax treaty with the United States, except for payments made directly to the foreign parent corporation.<br/>(Sec. 204) Requires payment settlement entities (e.g., banks and third party settlement organizations) to report identifying information and the gross amount of reportable payment transactions (i.e., payment card and third party network transactions) to the Internal Revenue Service (IRS). (Sec. 205) Expands the continuous tax levy on payments to vendors for goods and services to include payments for all property and services.<br/>(Sec. 206) Amends the Tax Increase Prevention and Reconciliation Act of 2005 to: (1) repeal the adjustment to the estimated tax liability of corporations with at least $1 billion in assets for the third quarter of 2012; and (2) increase the estimated tax payments of such corporations in the third quarter of 2013 by 59.5%.<br/>

1214452800 2008-06-26 Fri Nov 07 06:54:57 -0600 2008 introduced 51194 'act':5 'tax':3 '2008':7 'altern':1 'relief':4 'minimum':2 61145 false short introduced 51194 'tax':18 '1986':8 'code':6 'amend':2 'altern':16 'intern':4 'provid':10 'purpos':22 'relief':13 'revenu':5 'minimum':17 'individu':11 'temporari':12 61110 false official passed house 51194 'act':5 'tax':3 '2008':7 'altern':1 'relief':4 'minimum':2 62828 false short action 51194 1214452800 Thu Jun 26 00:00:00 -0500 2008 165189 Received in the Senate and Read twice and referred to the Committee on Finance. R000053 1930-06-11 2354 Rayburn House Office Building https://forms.house.gov/rangel/forms/contact.shtml 15 202-225-0816 Charles 'd':4 'ny':5 '-15':6 'rep':1 'charl':2,7,9 'rangel':3,8,10 M 400333 Rangel Charles_B._Rangel B. Rep. Charles Rangel [D, NY-15] N00000964 13460 Democrat 202-225-4365 Roman Catholic NY Charlie Charles Rangel 1.17307692307692 http://www.house.gov/rangel/ RepRangel B001231 1951-01-20 405 Cannon House Office Building http://berkley.house.gov/contact/email.html 1 202-225-3119 Shelley 'd':4 '-1':6 'nv':5 'rep':1 'berkley':3,8,10 'shelley':2,7,9 F 400024 Berkley Shelley_Berkley Rep. Shelley Berkley [D, NV-1] N00009818 7403 Democrat 202-225-5965 Jewish NV Shelley Berkley 1.7 http://berkley.house.gov/ B000574 1948-08-16 2267 Rayburn House Office Building http://blumenauer.house.gov/index.php?option=com_email_form&Itemid=206 3 202-225-8941 Earl 'd':4 '-3':6 'rep':1 'earl':2,7,9 'blumenau':3,8,10 M 400033 Blumenauer Earl_Blumenauer Rep. Earl Blumenauer [D, OR-3] N00007727 7059 Democrat 202-225-4811 OR Earl Blumenauer 4.25 http://blumenauer.house.gov/ C001038 1962-03-16 312 Cannon House Office Building https://forms.house.gov/crowley/contact.shtml 7 202-225-1909 Joseph 'd':4 '-7':6 'ny':5 'rep':1 'joseph':2,7,9 'crowley':3,8,10 M 400087 Crowley Joseph_Crowley Rep. Joseph Crowley [D, NY-7] N00001127 6633 Democrat 202-225-3965 Roman Catholic NY Joe Joseph Crowley 0.142857142857143 http://crowley.house.gov/ J000284 1949-09-10 Stephanie 'jone':2,4,6 'stephani':1,3,5 F 400208 Jones Stephanie_Tubbs_Jones Tubbs Stephanie Jones N00003561 6546 Democrat Baptist Stephanie Jones L000557 1948-07-22 1005 Longworth House Office Building http://www.house.gov/writerep 1 202-225-1031 John 'd':4 '-1':6 'ct':5 'rep':1 'john':2,7,9 'larson':3,8,10 M 400233 Larson John_B._Larson B. Rep. John Larson [D, CT-1] N00000575 6665 Democrat 202-225-2265 CT John Larson 1.85714285714286 http://www.house.gov/larson/index.htm L000263 1931-09-06 1236 Longworth House Office Building http://www.house.gov/levin/levin_contact_email.shtml 12 202-226-1033 Sander 'd':4 'mi':5 '-12':6 'rep':1 'levin':3,8,10 'sander':2,7,9 M 400238 Levin Sander_M._Levin M. Rep. Sander Levin [D, MI-12] N00003950 6484 Democrat 202-225-4961 Jewish MI Sandy Sander Levin 2.66666666666667 http://www.house.gov/levin MI12yes L000287 1940-02-21 343 Cannon House Office Building http://www.house.gov/formjohnlewis/contact.html 5 202-225-0351 John 'd':4 '-5':6 'ga':5 'rep':1 'john':2,7,9 'lewi':3,8,10 M 400240 Lewis John_Lewis R. Rep. John Lewis [D, GA-5] N00002577 7458 Democrat 202-225-3801 Baptist GA John Lewis 4.55555555555556 http://johnlewis.house.gov/ RepJohnLewis M000404 1936-12-28 1035 Longworth House Office Building http://www.house.gov/mcdermott/contact.shtml 7 202-225-6197 James 'd':4 '-7':6 'wa':5 'jim':9 'rep':1 'jame':2,7,10 'mcdermott':3,8,11 M 400262 McDermott Jim_McDermott A. Rep. James McDermott [D, WA-7] Jim N00009829 10037 Democrat 202-225-3106 Episcopalian WA Jim James McDermott 4.71428571428571 http://www.house.gov/mcdermott/ M001148 1966-09-06 1039 Longworth House Office Building http://kendrickmeek.house.gov/contact1.shtml 17 202-226-0777 Kendrick 'd':4 'fl':5 '-17':6 'rep':1 'meek':3,8,10 'kendrick':2,7,9 M 400270 Meek Kendrick_B._Meek Brett Rep. Kendrick Meek [D, FL-17] N00025692 6379 Democrat 202-225-4506 Baptist FL Kendrick Meek 3.625 http://kendrickmeek.house.gov/ KendrickBMeek N000015 1949-02-14 2208 Rayburn House Office Building http://www.house.gov/neal/write_neal.html 2 202-225-8112 Richard 'd':4 '-2':6 'ma':5 'rep':1 'neal':3,8,10 'richard':2,7,9 M 400291 Neal Richard_E._Neal E. Rep. Richard Neal [D, MA-2] N00000153 6220 Democrat 202-225-5601 Roman Catholic MA Richard Neal 2.22222222222222 http://www.house.gov/neal/ P000422 1952-09-02 1501 Longworth House Office Building http://www.house.gov/formpomeroy/zipauth.htm 0 202-226-0893 Earl 'd':4 '-0':6 'nd':5 'rep':1 'earl':2,7,9 'pomeroy':3,8,10 M 400323 Pomeroy Earl_Pomeroy Ralph Rep. Earl Pomeroy [D, ND-0] N00008113 7352 Democrat 202-225-2611 Presbyterian ND Earl Pomeroy 5.0 http://www.pomeroy.house.gov/ earlpomeroy V000128 1959-01-10 1707 Longworth House Office Building http://vanhollen.house.gov/HoR/MD08/Contact+Information/Web+Contact/Contact+Form.htm 8 202-225-0375 Christopher 'd':5 '-8':7 'md':6 'rep':1 'van':3,9,13 'chris':11 'hollen':4,10,14 'christoph':2,8,12 M 400415 Van Hollen Chris_Van_Hollen Rep. Christopher Van Hollen [D, MD-8] Chris N00013820 7689 Democrat 202-225-5341 Episcopalian MD Chris Christopher Van Hollen 1.1 http://vanhollen.house.gov action 51194 1214452800 Thu Jun 26 00:00:00 -0500 2008 165189 Received in the Senate and Read twice and referred to the Committee on Finance. vote 51194 1214413740 Wed Jun 25 14:09:00 -0500 2008 roll 164027 pass On passage Passed by recorded vote: 233 - 189 (Roll no. 455). vote h action 51194 1214413320 Wed Jun 25 14:02:00 -0500 2008 164026 On motion to recommit with instructions Failed by the Yeas and Nays: 199 - 222 (Roll no. 454). action 51194 1214411820 Wed Jun 25 13:37:00 -0500 2008 164025 The previous question on the motion to recommit with instructions was ordered without objection. action 51194 1214411460 Wed Jun 25 13:31:00 -0500 2008 164024 DEBATE - The House proceeded with 10 minutes of debate on the McCrery motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with amendments which add a new section providing that charitable mileage rates are treated the same as medical and moving rates. action 51194 1214411460 Wed Jun 25 13:31:00 -0500 2008 164023 Mr. McCrery moved to recommit with instructions to Ways and Means. action 51194 1214411400 Wed Jun 25 13:30:00 -0500 2008 164022 The previous question was ordered pursuant to the rule. action 51194 1214410500 Wed Jun 25 13:15:00 -0500 2008 164021 DEBATE - The House proceeded with one hour of debate on H.R. 6275. action 51194 1214410440 Wed Jun 25 13:14:00 -0500 2008 164020 Rule provides for consideration of H.R. 6275 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted. action 51194 1214410440 Wed Jun 25 13:14:00 -0500 2008 164019 Considered under the provisions of rule H. Res. 1297. action 51194 1214409900 Wed Jun 25 13:05:00 -0500 2008 164018 Rule H. Res. 1297 passed House. action 51194 1214339940 Tue Jun 24 17:39:00 -0500 2008 164017 Rules Committee Resolution H. Res. 1297 Reported to House. Rule provides for consideration of H.R. 6275 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. calendar 51194 1213986480 Fri Jun 20 15:28:00 -0500 2008 161653 Placed on the Union Calendar, Calendar No. 463. action 51194 1213986480 Fri Jun 20 15:28:00 -0500 2008 161652 Reported (Amended) by the Committee on Ways and Means. H. Rept. 110-728. action 51194 1213761600 Wed Jun 18 00:00:00 -0500 2008 161650 Committee Consideration and Mark-up Session Held. calendar 51194 1213761600 Wed Jun 18 00:00:00 -0500 2008 161651 Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 16. action 51194 1213675200 Tue Jun 17 00:00:00 -0500 2008 161073 Referred to the House Committee on Ways and Means. introduced 51194 1213675200 Tue Jun 17 00:00:00 -0500 2008 161072 12 233 51194 Wed Jun 25 13:09:00 -0500 2008 true 4814 189 455 64 0 On Passage: H R 6275 Alternative Minimum Tax Relief Act of 2008 false 1/2 Passed On Passage Wed Jun 25 13:51:58 -0500 2008 house 13 199 51194 Wed Jun 25 13:02:00 -0500 2008 false 4813 222 454 25 0 On Motion to Recommit with Instructions: H R 6275 Alternative Minimum Tax Relief Act of 2008 true 1/2 Failed On Motion to Recommit with Instructions Wed Jun 25 13:50:12 -0500 2008 house