[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 1773 Introduced in Senate (IS)]







104th CONGRESS
  2d Session
                                S. 1773

    To amend the Internal Revenue Code of 1986 to make a technical 
correction in the application of the minimum tax to the nonconventional 
                             fuels credit.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 17, 1996

  Mr. Shelby introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
    To amend the Internal Revenue Code of 1986 to make a technical 
correction in the application of the minimum tax to the nonconventional 
                             fuels credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TECHNICAL CORRECTION IN APPLICATION OF MINIMUM TAX TO FUELS 
              CREDIT.

    Effective with respect to taxable years beginning after December 
31, 1990, subclause (II) of section 53(d)(1)(B)(iv) is amended to read 
as follows:
                                    ``(II) the adjusted net minimum tax 
                                for any taxable year is the amount of 
                                the net minimum tax for such year 
                                increased in the manner provided in 
                                clause (iii).''.
                                 <all>