[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3590 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 3590

   To amend the Internal Revenue Code of 1986 to extend for one year 
        relief from the alternative minimum tax on individuals.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 19, 2007

 Mr. Lampson 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 extend for one year 
        relief from the alternative minimum tax on individuals.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``American Middle Class Tax (AMT) 
Relief Act of 2007''.

SEC. 2. EXTENSION OF RELIEF FROM INDIVIDUAL ALTERNATIVE MINIUM TAX.

    (a) Increased Alternative Minimum Tax Exemption Amount.--Paragraph 
(1) of section 55(d) of the Internal Revenue Code of 1986 (relating to 
exemption amount) is amended by striking ``2006'' each place it appears 
and inserting ``2007''.
    (b) Nonrefundable Personal Credits.--Paragraph (2) of section 26(a) 
of such Code (relating to special rule for taxable years 2000 through 
2006) is amended--
            (1) by striking ``or 2006'' and inserting ``2006, or 
        2007'', and
            (2) in the heading by striking ``2006'' and inserting 
        ``2007''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2006.
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