H.R.7005 - Alternative Minimum Tax Relief Act of 2008

To amend the Internal Revenue Code of 1986 to provide alternative minimum tax relief for individuals for 2008. view all titles (3)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to provide alternative minimum tax relief for individuals for 2008. as introduced.
  • Short: Alternative Minimum Tax Relief Act of 2008 as introduced.
  • Short: Alternative Minimum Tax Relief Act of 2008 as passed house.

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Introduced
 
House
Passed
 
Senate
Passes
 
President
Signs
 

 
09/23/08
 
09/24/08
 
 
 
 
 

 

Latest Vote

Result: Cloture Motion Rejected - December 11, 2008

Roll call number 215 in the Senate

Question: On the Cloture Motion H.R. 7005

 

Official Summary

Alternative Minimum Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend through 2008 for individual taxpayers: (1) the offset of nonrefundable personal tax credits against regular and alternative minimum tax (AMT) liability; and (2) the increased alternative minimum tax (AMT

Official Summary

Alternative Minimum Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend through 2008 for individual taxpayers:
(1) the offset of nonrefundable personal tax credits against regular and alternative minimum tax (AMT) liability; and
(2) the increased alternative minimum tax (AMT) exemption amounts.Increases the alternative minimum tax (AMT) refundable credit amount for individuals who have long-term unused minimum tax credits from prior taxable years. Abates any underpayment of tax attributable to the application of special AMT rules for the treatment of incentive stock options.

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