Another AMT relief bill floated
Another bill aiming to rein in the effect of the alternative minimum tax was introduced last month. HR 1112, introduced by Rep. Thomas Reynolds, R-N.Y., would extend relief from the tax for 2007.
Another bill aiming to rein in the effect of the alternative minimum tax was introduced last month. HR 1112, introduced by Rep. Thomas Reynolds, R-N.Y., would extend relief from the tax for 2007. The measure, which has 34 co-sponsors, comes on the heels of similar bills introduced this year. S 55 would repeal the AMT; S 102 would extend and expand relief from the AMT, along with repealing the 2005 extension of lower rates for capital gains and dividends for 2009 and 2010. For a look at the bills, go to http://thomas.loc.gov
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