AMT Credit Fairness and Relief Act of 2007

3.0.0 2389 2023-01-11T20:08:11Z 2023-01-11T20:08:11Z Senate S S 2007-11-16 110 ssfi00 Finance Committee Senate Standing Referred to 2007-11-16T17:45:00Z AMT Credit Fairness and Relief Act of 2007 110 3861 HR 2007-10-16 Referred to the House Committee on Ways and Means. Related bill CRS 2007-11-16 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-11-16 Introduced in Senate IntroReferral 10000 9 Library of Congress K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES N C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2007-11-16 True L000304 Sen. Lieberman, Joseph I. [ID-CT] JOSEPH LIEBERMAN ID CT I. 2007-11-16 True B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA 2007-12-06 False G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. 2008-02-12 False D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2008-05-13 False K000105 Sen. Kennedy, Edward M. [D-MA] EDWARD KENNEDY D MA MOORE 2008-05-22 False Taxation Employee stock options Finance and Financial Sector Income tax Labor and Employment Minimum tax Tax credits Tax refunds Taxation

00 2007-11-16 Introduced in Senate 2007-12-07T20:02:29Z Amends the Internal Revenue Code to: (1) increase the alternative minimum tax (AMT) refundable credit amount for individuals who have long-term unused minimum tax credits from prior taxable years; and (2) abate any underpayment of tax attributable to the application of special AMT rules for the treatment of incentive stock options.

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A bill to amend the Internal Revenue Code of 1986 to increase the alternative minimum tax credit amount for individuals with long-term unused credits for prior year minimum tax liability, and for other purposes. Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to increase the alternative minimum tax credit amount for individuals with long-term unused credits for prior year minimum tax liability, and for other purposes. Introduced in Senate IS Display Title A bill to amend the Internal Revenue Code of 1986 to increase the alternative minimum tax credit amount for individuals with long-term unused credits for prior year minimum tax liability, and for other purposes. Introduced in Senate 2007-11-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2389is/xml/BILLS-110s2389is.xml 2007-11-16 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.