[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3772 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 3772

     To amend the Internal Revenue Code of 1986 to allow the work 
        opportunity credit against the alternative minimum tax.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 30, 1998

   Mr. English of Pennsylvania (for himself, Mr. Houghton, and Mrs. 
   Thurman) introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
     To amend the Internal Revenue Code of 1986 to allow the work 
        opportunity credit against the alternative minimum tax.

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

SECTION 1. WORK OPPORTUNITY CREDIT ALLOWED AGAINST MINIMUM TAX.

    (a) In General.--Subsection (c) of section 38 of the Internal 
Revenue Code of 1986 (relating to limitation based on amount of tax) is 
amended by redesignating paragraph (3) as paragraph (4) and by 
inserting after paragraph (2) the following new paragraph:
            ``(3) Special rules for work opportunity credit.--
                    ``(A) In general.--In the case of the work 
                opportunity credit--
                            ``(i) this section and section 39 shall be 
                        applied separately with respect to the credit, 
                        and
                            ``(ii) in applying paragraph (1) to the 
                        credit--
                                    ``(I) subparagraph (A) shall not 
                                apply, and
                                    ``(II) the limitation under 
                                paragraph (1) (as modified by subclause 
                                (I)) shall be reduced by the credit 
                                allowed under subsection (a) for the 
                                taxable year (other than the work 
                                opportunity credit).
                    ``(B) Work opportunity credit.--For purposes of 
                this subsection, the term `work opportunity credit' 
                means the credit allowable under subsection (a) by 
                reason of section 51(a).''
    (b) Conforming Amendment.--Subclause (II) of section 
38(c)(2)(A)(ii) of such Code is amended by inserting ``or the work 
opportunity credit'' after ``employment credit''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 1997.
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