[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7377 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 7377

 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 HOUSE OF REPRESENTATIVES

                           December 20, 2018

   Mr. Larsen of Washington 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 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 Servicemembers 
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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