[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4294 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 4294

 To amend the Internal Revenue Code of 1986 to modify the alternative 
                 minimum tax for estates in bankruptcy.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 13, 2000

  Mr. Cardin 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 modify the alternative 
                 minimum tax for estates in bankruptcy.

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

SECTION 1. MODIFICATION TO ALTERNATIVE MINIMUM TAX.

    (a) Estates in Bankruptcy.--Subsection (d) of section 56 of the 
Internal Revenue Code of 1986 is amended by adding at the end the 
following new paragraph:
            ``(3) Estates in bankruptcy.--The 90-percent limitation 
        under paragraph (1)(A) of this section shall not apply with 
        respect to estates in proceedings under chapter 7 of title 11 
        of the United States Code.''

SEC. 2. EFFECTIVE DATE.

    The amendments made by this Act shall apply to taxable years ending 
after December 31, 1999.
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