[United States Statutes at Large, Volume 121, 110th Congress, 1st Session]
[From the U.S. Government Publishing Office, www.gpo.gov]

121 STAT. 2461

Public Law 110-166
110th Congress

An Act


 
To amend the Internal Revenue Code of 1986 to extend certain expiring
provisions, and for other purposes. [NOTE: Dec. 26, 2007 -  [H.R.
3996]

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress [NOTE: Tax Increase Prevention
Act of 2007. assembled,

SECTION 1. [NOTE: 26 USC 1 note. 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 [NOTE: 26 USC 55. 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 [NOTE: 26 USC 55 note. 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 [NOTE: 26 USC 26 note. amendments made
by this section shall apply to taxable years beginning after December
31, 2006.

Approved December 26, 2007.



LEGISLATIVE HISTORY--H.R. 3996:
---------------------------------------------------------------------------

HOUSE REPORTS: No. 110-431 (Comm. on Ways and Means).
CONGRESSIONAL RECORD, Vol. 153 (2007):
Nov. 9, considered and passed House.
Dec. 6, considered and passed Senate, amended.
Dec. 19, House concurred in Senate amendment.