Push for AMT relief grows
Yet another bill aiming to rein in the effect of the alternative minimum tax recently was introduced.
Yet another bill aiming to rein in the effect of the alternative minimum tax recently was introduced. HR 1366, sponsored by Rep. Phil English, R-Pa., with the backing of 21 co-sponsors, would repeal the AMT on individuals. Similar bills include S 55, which also would abolish the tax; HR 1112, which would extend relief from the AMT for 2007; and S 102, which would extend and expand relief from the AMT and repeal the 2005 extension of lower rates for capital gains and dividends for 2009 and 2010. For a look at the bills, visit http://thomas.loc.gov
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