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- S.724
S.724: Alternative Minimum Tax Reform Act of 1997
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced May 8, 1997
- Latest Major Action May 8, 1997
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
17 (5 Democrats, 13 Republicans)
Bill Summary
Alternative Minimum Tax Reform Act of 1997 - Amends the Internal Revenue Code to provide, with respect to the method of depreciation used for businesses to determine the alternative minimum tax, for the use of the regularly used method of depreciation. Revises the method for recovering long-term unused credits against such tax.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| May 8, 1997 |
Introduced in the Senate by Don Nickles (R-Okla.) |