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- S.2389
S.2389: A bill to amend the Internal Revenue Code of 1986 to increase the alternative minimum tax credit amount for individuals with long-term unused credits for prior year minimum tax liability, and for other purposes.
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced Nov. 16, 2007
- Latest Major Action Nov. 16, 2007
Bill Sponsor
Bill Cosponsors
6 (5 Democrats, 1 Independent Democrat, 1 Republican)
Bill Summary
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
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| Nov. 16, 2007 |
Introduced in the Senate by John Kerry (D-Mass.) |