[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 3334 Introduced in Senate (IS)]

111th CONGRESS
  2d Session
                                S. 3334

 To amend the Internal Revenue Code of 1986 to exempt survivor benefit 
   annuity plan payments from the individual alternative minimum tax.


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                   IN THE SENATE OF THE UNITED STATES

                              May 10, 2010

   Mr. Burr introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to exempt survivor benefit 
   annuity plan payments from the individual alternative minimum tax.

    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 ``Children of Fallen Warriors AMT 
Relief Act''.

SEC. 2. EXEMPTION FOR SURVIVOR BENEFIT ANNUITY PLAN PAYMENTS FROM THE 
              INDIVIDUAL ALTERNATIVE MINIMUM TAX.

    (a) In General.--Section 59(j)(1) of the Internal Revenue Code of 
1986 is amended by adding at the end the following new flush sentence:
        ``Solely for purposes of this subsection, any annuity paid 
        under the Survivor Benefit Plan under subchapter II of chapter 
        73 of title 10, United States Code, shall be considered earned 
        income of such child.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after the date of the enactment of this Act.
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