H.R.3861: AMT Credit Fairness and Relief Act of 2007

About This Bill

  • This bill was introduced in the 110th Congress
  • This bill is primarily about taxation
  • Introduced Oct. 16, 2007
  • Latest Major Action Oct. 16, 2007

Bill Summary

AMT Credit Fairness and Relief Act of 2007 - Amends the Internal Revenue Code to: (1) increase the alternative minimum tax (AMT) refundable credit amount for individuals who have long-term unused minimum tax credits from prior taxable years; and (2) abate any underpayment of tax attributable to the application of special AMT rules for the treatment of incentive stock options.

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There is one statement associated with H.R.3861.

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Oct. 16, 2007

Introduced in the House by Chris Van Hollen (D-Md.)

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