H.R. 7005 (110th): Alternative Minimum Tax Relief Act of 2008

Introduced:
Sep 23, 2008 (110th Congress, 2007–2009)
Sponsor:
Rep. Charles Rangel [D-NY15]
Status:
Died (Failed Cloture)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced in a previous session of Congress but was killed due to a failed vote for cloture, under a fast-track vote called "suspension", or while resolving differences on December 11, 2008.

Progress
Introduced Sep 23, 2008
Passed House Sep 24, 2008
Failed Cloture Dec 11, 2008
Votes

House Vote on Passage
Sep 24, 2008 6:57 p.m.
Passed 393/30

On the Cloture Motion H.R. 7005
Dec 11, 2008 10:42 p.m.
Cloture Motion Rejected 52/35

Cosponsors
14 cosponsors (9D, 5R) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to provide alternative minimum tax relief for individuals for 2008.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Dec 09, 2008.
6 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

9/24/2008--Passed House without amendment. (This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Alternative Minimum Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend through 2008 for individual taxpayers: (1) the offset of nonrefundable personal tax credits against regular and alternative minimum tax (AMT) liability; and (2) the increased alternative minimum tax (AMT) exemption amounts.
Increases the alternative minimum tax (AMT) refundable credit amount for individuals who have long-term unused minimum tax credits from prior taxable years. Abates any underpayment of tax attributable to the application of special AMT rules for the treatment of incentive stock options.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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