II 111th CONGRESS 2d Session S. 3334 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 A BILL To amend the Internal Revenue Code of 1986 to exempt survivor benefit annuity plan payments from the individual alternative minimum tax.

1.

Short title

This Act may be cited as the Children of Fallen Warriors AMT Relief Act.

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.