110 HR 3590 IH: American Middle Class Tax (AMT) Relief U.S. House of Representatives 2007-09-19 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.

I 110th CONGRESS 1st Session H. R. 3590 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.

1.

Short title

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

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.