H.R.4351: To amend the Internal Revenue Code of 1986 to provide individuals temporary relief from the alternative minimum tax, and for other purposes.

Latest Update: Friday, January, 16th 2009

To amend the Internal Revenue Code of 1986 to provide individuals temporary relief from the alternative minimum tax, and for other purposes. 12/12/2007--Passed House without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)AMT Relief Act of 2007 - Title I: Individual Tax Relief - (Sec. 101) Amends the Internal Revenue Code to extend through 2007 for individual taxpayers: (1) the offset of nonrefundable personal tax credits against regular and alternative minimum tax (AMT) liability; and (2) the increased AMT exemption amounts.(Sec. 103) Increases the AMT refundable credit amount for individual taxpayers with long-term unused tax credits in prior taxable years. Abates any underpayment of tax and related interest and penalties attributable to the application of special AMT rules for the treatment of incentive [...]

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Latest Actions

01/22/2008 - Read twice and referred to the Committee on Finance.
12/12/2007 - Rule H. Res. 861 passed House.
12/12/2007 - Considered under the provisions of rule H. Res. 861.
12/12/2007 - The previous question was ordered pursuant to the rule.
12/12/2007 - Mr. McCrery moved to recommit with instructions to Ways and Means.

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01/22/2008 - Read twice and referred to the Committee on Finance.
12/12/2007 - Rule H. Res. 861 passed House.
12/12/2007 - Considered under the provisions of rule H. Res. 861.
12/12/2007 - The previous question was ordered pursuant to the rule.
12/12/2007 - Mr. McCrery moved to recommit with instructions to Ways and Means.
12/12/2007 - Mr. Neal (MA) raised a point of order against the motion to recommit with instructions. Mr. Neal stated that the provisions of the motion to recommit violate clause 10 of Rule XXI in that they increase the deficit over the requisite period. Sustained by the Chair.
12/12/2007 - Point of order sustained against the motion to recommit with instructions.
12/12/2007 - Mr. McCrery appealed the ruling of the chair.
12/12/2007 - Mr. Neal (MA) moved to table the motion to appeal the ruling of the chair
12/12/2007 - On motion to table the motion to appeal the ruling of the chair Agreed to by the Yeas and Nays: 225 - 191 (Roll no. 1152).
12/12/2007 - On passage Passed by the Yeas and Nays: 226 - 193 (Roll no. 1153).
12/12/2007 - Motion to reconsider laid on the table Agreed to without objection.
12/12/2007 - Received in the Senate.
12/12/2007 - Considered under the provisions of rule H. Res. 861. (consideration: CR H15368-15382)
12/12/2007 - Mr. McCrery moved to recommit with instructions to Ways and Means. (consideration: CR H15380; text: CR H15380)
12/12/2007 - Mr. Neal (MA) moved to table the motion to appeal the ruling of the chair (consideration: CR H15381)
12/12/2007 - On passage Passed by the Yeas and Nays: 226 - 193 (Roll no. 1153). (text: CR H15368-15371)
12/12/2007 - Rule provides for consideration of H.R. 4351 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit.
12/12/2007 - DEBATE - The House proceeded with one hour of debate on H.R. 4351.
12/11/2007 - Referred to the House Committee on Ways and Means.
12/11/2007 - Rules Committee Resolution H. Res. 861 Reported to House. Rule provides for consideration of H.R. 4351 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit.