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The AMT Relief Act of 2007 (H.R.4351) was a bill in the 110th Congress "to amend the Internal Revenue Code of 1986 to provide individuals temporary relief from the alternative minimum tax, and for other purposes.” (Official title)^[1]

Article summary (how summaries work)

Extends the alternative minimum tax limit for nonrefundable personal credits to 2007 and increases the amounts of exemption from $62,550 to $66,250 for joint tax returns and from $42,500 to $44,350 for individual tax returns (Secs. 101, 102).[2] Requires non-ascertainable income that is included in nonqualified deferred compensation to be taxed, when the amount can be determined, at a rate increased by the amount of interest at the underpayment rate, plus one percent on the underpayments, and an additional 20 percent of the amount of the compensation (Sec. 201).[2] Requires nonqualified deferred compensation arrangements made before December 31, 2007, to be amended in a limited time to comply with the distribution date of the amounts to be included in income (Sec. 201).[2] Defers treating domestic corporations that are part of a worldwide affiliated group as an individual corporation for income tax purposes until December 31, 2017 (Sec. 221).[2]

Contents 1 Key votes 2 Articles and resources 2.1 See also 2.2 References

Key votes

• Vote to pass a bill that extends the alternative minimum tax credit and adjusts the repayment plan for nonqualified deferred compensation.^[2]

Same for all scorecards:

• Name of bill: AMT Relief Act of 2007
• Chamber: U.S. House of Representatives
• Roll call number: 1153
• Congress number: 110th
• Session number: 1
• Vote link: U.S. House of Representatives record vote 1153, 110th Congress, Session 1

Scored vote
Scorecard: National Journal 2007 House Scorecard	Org. position: {{{Vote position 1}}}
Description: "Revise the alternative minimum tax to prevent coverage of additional taxpayers, offset by increasing taxes on offshore income. December 12. (226-193)" (Original scorecard available at: http://www.nationaljournal.com/voteratings/house_votes.htm)

Articles and resources

See also

References

1. ↑ OpenCongress’ info page on AMT Relief Act of 2007 (H.R. 4351).
2. ↑ ^{2.0 2.1 2.2 2.3 2.4} Project Vote Smart's info page on AMT Relief Act of 2007 (H.R. 4351).