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4/17/2008--Introduced.<br/>Alternative Minimum Tax and Extenders Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend expiring provisions relating to the alternative minimum tax, individual and business taxpayers, energy conservation, and tax administration. Extends through 2008 for individual taxpayers: (1) the offset of nonrefundable personal tax credits against alternative minimum tax (AMT) liability; and (2) increased AMT exemption amounts.<br/>Extends through 2009: (1) the election to include combat zone compensation as earned income for purposes of the earned income tax credit; (2) tax-free distributions from individual retirement plans (IRAs) for individuals called or ordered to active military duty and for charitable purposes; (3) the election to deduct state and local sales taxes in lieu of state and local income taxes; (4) the tax deductions for qualified tuition and related expenses and for certain expenses of elementary and secondary school teachers; (5) authority for use of qualified mortgage bonds to finance residences for veterans; (6) provisions relating to regulated investment companies and qualified investment entities; and (7) the special rule for charitable contributions of capital gain real property for conservation purposes.<br/>Extends through 2009 various business-related tax provisions, including: (1) the tax credit for increasing research activities; (2) the new markets tax credit; (3) provisions relating to foreign personal holding company income; (4) accelerated deprecation for qualified leasehold and restaurant improvements, for motorsports racing track facilities, and for business property on Indian reservations; (5) the expanded tax deduction for charitable contributions of food and book inventories by noncorporate taxpayers; (6) the special rule for the tax treatment of certain payments to tax-exempt organizations by a controlled subsidiary; (7) the special rule for reductions in the basis of S corporation stock for charitable contributions of property; (8) increases in alcohol excise taxes payable to Puerto Rico and the Virgin Islands; (9) parity provisions for group health insurance mental health benefits; (10) the economic development credit for American Samoa; (11) tax incentives for mine rescue team training and advanced mine safety equipment; (12) the expensing allowance for film and television production expenditures and for environmental remediation costs; (13) the tax deduction for income attributable to domestic production activities in Puerto Rico; (14) issuance authority for qualified zone academy bonds; (15) the Indian employment tax credit; (16) the tax credit for railroad track maintenance; and (17) work opportunity tax credit eligibility for Hurricane Katrina employees. Extends through 2009 tax credits for: (1) energy efficient appliances; (2) nonbusiness energy property; (3) residential energy efficient property; (4) producing electricity from renewable resources; (5) new energy efficient homes; and (6) investment in certain energy property and in clean renewable energy bonds. Extends through 2009 the tax deduction for energy efficient commercial buildings. Makes permanent the authority for Internal Revenue Service (IRS) undercover operations and combined employment tax reporting. Extends through 2009 IRS authority for disclosure of tax information relating to terrorist activities.

1208404800 2008-04-17 Fri Nov 07 18:14:12 -0600 2008 introduced 50134 'act':8 'tax':3,6 '2008':10 'altern':1 'extend':5 'relief':7 'minimum':2 59594 false short introduced 50134 '1986':10 'bill':2 'code':8 'amend':4,12 'expir':14 'intern':6 'provis':15 'revenu':7 'certain':13 58406 false official action 50134 1208404800 Thu Apr 17 00:00:00 -0500 2008 150425 Sponsor introductory remarks on measure. (CR S3156-3157) B000243 1941-12-11 13301 511 Hart Senate Office Building http://baucus.senate.gov/contact/emailForm.cfm?subj=issue 202-224-0515 Max 'd':4 'mt':5 'max':2,6,8 'sen':1 'baucus':3,7,9 M 300005 Baucus Max_Baucus S. Sen. Max Baucus [D, MT] 7915 N00004643 14559 Democrat 202-224-2651 United Church of Christ MT Max Baucus 1.75 http://baucus.senate.gov B001066 1931-10-23 6968 316 Hart Senate Office Building http://bunning.senate.gov/public/index.cfm?FuseAction=Contact.ContactForm 202-228-1373 Jim 'r':4 'ky':5 'bun':3,7,9 'jim':2,6,8 'sen':1 M 300014 Bunning Jim_Bunning Sen. Jim Bunning [R, KY] 3118 N00003437 9338 Republican 202-224-4343 Roman Catholic KY Jim Bunning 2.57575757575758 http://bunning.senate.gov/public/ C000141 1943-10-05 3239 509 Hart Senate Office Building http://cardin.senate.gov/contact/email.cfm 202-224-1651 Benjamin 'd':4 'md':5 'sen':1 'cardin':3,7,9 'benjamin':2,6,8 M 400064 Cardin Benjamin_L._Cardin L. Sen. Benjamin Cardin [D, MD] 1480 N00001955 9507 Democrat 202-224-4524 Jewish MD Ben Benjamin Cardin 3.34375 http://cardin.senate.gov/ SenatorCardin C000880 1951-05-20 2291 239 Dirksen Senate Office Building http://crapo.senate.gov/contact/email.cfm 202-228-1375 Michael 'r':4 'id':5 'sen':1 'crapo':3,7,9 'michael':2,6,8 M 300030 Crapo Michael_Crapo D. Sen. Michael Crapo [R, ID] 734 N00006267 7771 Republican 202-224-6142 Latter Day Saints ID Mike Michael Crapo 4.80769230769231 http://crapo.senate.gov G000386 1933-09-17 10274 135 Hart Senate Office Building http://grassley.senate.gov/contact.cfm 202-224-6020 Charles 'r':4 'ia':5 'sen':1 'charl':2,6,9 'chuck':8 'grassley':3,7,10 M 300048 Grassley Chuck_Grassley E. Sen. Charles Grassley [R, IA] 6377 Chuck N00001758 12113 Republican 202-224-3744 Baptist IA Chuck Charles Grassley 4.16666666666667 http://grassley.senate.gov SenChuckGrassley K000352 1942-04-25 9176 730 Hart Senate Office Building http://kyl.senate.gov/contact.cfm 202-224-2207 Jon 'r':4 'az':5 'jon':2,6,8 'kyl':3,7,9 'sen':1 M 300062 Kyl Jon_Kyl Sen. Jon Kyl [R, AZ] 4814 N00006406 11351 Republican 202-224-4521 Presbyterian AZ Jon Kyl 2.57142857142857 http://kyl.senate.gov/ SenJonKyl R000361 1937-06-18 4895 531 Hart Senate Office Building http://rockefeller.senate.gov/contact/email.cfm 202-224-7665 John 'd':4 'wv':5 'jay':8 'sen':1 'john':2,6,9 'rockefel':3,7,10 M 300084 Rockefeller John_Rockefeller D. Sen. John Rockefeller [D, WV] 1692 Jay N00001685 10187 Democrat 202-224-6472 Presbyterian WV Jay John Rockefeller 1.0 http://rockefeller.senate.gov/ S001163 1955-03-02 4883 Ken 'd':4 'co':5 'ken':2,6,8 'sen':1 'salazar':3,7,9 M 400619 Salazar Ken_Salazar Sen. Ken Salazar [D, CO] 2385 N00026892 7500 Democrat CO Ken Salazar 2.33333333333333 SenatorSalazar S000148 1950-11-23 15008 313 Hart Senate Office Building http://schumer.senate.gov/new_website/contact.cfm 202-228-3027 Charles 'd':4 'ny':5 'sen':1 'charl':2,6,8 'schumer':3,7,9 M 300087 Schumer Charles_Schumer E. Sen. Charles Schumer [D, NY] 7782 N00001093 20747 Democrat 202-224-6542 Jewish NY Chuck Charles Schumer 2.2 http://schumer.senate.gov/ senatorschumer S001142 1952-05-25 5160 Gordon 'smith':2,4,6 'gordon':1,3,5 M 300090 Smith Gordon_Smith Harold Gordon Smith 1881 N00007815 7268 Republican Latter Day Saints Gordon Smith 3.71428571428571 S000663 1947-02-21 8799 154 Russell Senate Office Building http://snowe.senate.gov/webform.htm 202-224-1946 Olympia 'r':4 'sen':1 'snow':3,7,9 'olympia':2,6,8 F 300091 Snowe Olympia_Snowe J. Sen. Olympia Snowe [R, ME] 3547 N00000480 16013 Republican 202-224-5344 Greek Orthodox ME Olympia Snowe 2.56034482758621 http://snowe.senate.gov/ S000770 1950-04-29 527 133 Hart Senate Office Building http://stabenow.senate.gov/email.htm 202-228-0325 Debbie Ann 'd':5 'mi':6 'ann':3,8,11 'sen':1 'debbi':2,7,10 'stabenow':4,9,12 F 300093 Stabenow Debbie_Stabenow Sen. Debbie Ann Stabenow [D, MI] 29 N00004118 14751 Democrat 202-224-4822 United Methodist MI Debbie Ann Stabenow 2.69354838709677 http://stabenow.senate.gov/ SenatorStabenow S001078 1964-09-10 3236 John 'john':1,3,5 'sununu':2,4,6 M 300095 Sununu John_Sununu E. John Sununu 1660 N00000397 5258 Republican Catholic John Sununu action 50134 1208404800 Thu Apr 17 00:00:00 -0500 2008 150425 Sponsor introductory remarks on measure. (CR S3156-3157) action 50134 1208404800 Thu Apr 17 00:00:00 -0500 2008 150426 Read twice and referred to the Committee on Finance. introduced 50134 1208404800 Thu Apr 17 00:00:00 -0500 2008 150424