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

Introduced:
Sep 23, 2008 (110th Congress, 2007–2009)
Status:
Died (Failed Cloture)
Sponsor
Charles “Charlie” Rangel
Representative for New York's 15th congressional district
Party
Democrat
Text
Read Text »
Last Updated
Dec 09, 2008
Length
6 pages
Related Bills
H.R. 6275 (Related)
Alternative Minimum Tax Relief Act of 2008

Passed House
Last Action: Jun 25, 2008

H.R. 5031 (Related)
Stealth Tax Relief Extension Act of 2008

Referred to Committee
Last Action: Jan 17, 2008

 
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
Referred to Committee Sep 23, 2008
Passed House Sep 24, 2008
Failed Cloture Dec 11, 2008
 
Full Title

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

Summary

No summaries available.

Votes
On Motion to Suspend the Rules and Pass
Sep 24, 2008 6:57 p.m.
Passed 393/30
Dec 11, 2008 10:42 p.m.
Cloture Motion Rejected 52/35

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

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.
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

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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