[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 120 Introduced in House (IH)]







111th CONGRESS
  1st Session
                                H. R. 120

  To amend the Internal Revenue Code of 1986 to allow the alternative 
   motor vehicle personal credit against the alternative minimum tax.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 6, 2009

Mr. Frelinghuysen introduced the following bill; which was referred to 
                    the Committee on Ways and Means

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                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to allow the alternative 
   motor vehicle personal 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. ALTERNATIVE MOTOR VEHICLE PERSONAL CREDIT ALLOWED AGAINST 
              ALTERNATIVE MINIMUM TAX.

    (a) In General.--Paragraph (2) of section 30B(g) of the Internal 
Revenue Code of 1986 (relating to application with other credits) is 
amended to read as follows:
            ``(2) Personal credit.--The credit allowed under subsection 
        (a) (after the application of paragraph (1)) for any taxable 
        year shall not exceed the excess (if any) of--
                    ``(A) the sum of the regular tax liability (as 
                defined in section 26(b)) plus the tax imposed by 
                section 55, over
                    ``(B) the sum of the credits allowable under this 
                part (other than subpart C, subpart H, and this 
                section).''.
    (b) Conforming Amendment.--Subparagraph (A) of section 30C(d)(2) of 
such Code is amended by striking ``sections 27, 30, and 30B'' and 
inserting ``sections 27 and 30''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2008.
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