[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3996 Enrolled Bill (ENR)]

        H.R.3996

                       One Hundred Tenth Congress

                                 of the

                        United States of America


                          AT THE FIRST SESSION

          Begun and held at the City of Washington on Thursday,
            the fourth day of January, two thousand and seven


                                 An Act


 
 To amend the Internal Revenue Code of 1986 to extend certain expiring 
                   provisions, and for other purposes.

    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 ``Tax Increase Prevention Act of 
2007''.

SEC. 2. EXTENSION OF INCREASED ALTERNATIVE MINIMUM TAX EXEMPTION 
              AMOUNT.

    (a) In General.--Paragraph (1) of section 55(d) of the Internal 
Revenue Code of 1986 (relating to exemption amount) is amended--
        (1) by striking ``($62,550 in the case of taxable years 
    beginning in 2006)'' in subparagraph (A) and inserting ``($66,250 
    in the case of taxable years beginning in 2007)'', and
        (2) by striking ``($42,500 in the case of taxable years 
    beginning in 2006)'' in subparagraph (B) and inserting ``($44,350 
    in the case of taxable years beginning in 2007)''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2006.

SEC. 3. EXTENSION OF ALTERNATIVE MINIMUM TAX RELIEF FOR NONREFUNDABLE 
              PERSONAL CREDITS.

    (a) In General.--Paragraph (2) of section 26(a) of the Internal 
Revenue Code of 1986 (relating to special rule for taxable years 2000 
through 2006) is amended--
        (1) by striking ``or 2006'' and inserting ``2006, or 2007'', 
    and
        (2) by striking ``2006'' in the heading thereof and inserting 
    ``2007''.
    (b)  Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2006.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.