H.R. 3694, The Alternative Minimum Tax Reform Act of 2007

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 3694 would amend the Internal Revenue Code of 1986 to provide corporate alternative minimum tax reform.

Detailed Summary

Alternative Minimum Tax Reform Act of 2007 - Amends the Internal Revenue Code to allow corporate taxpayers to offset alternative minimum tax liabilities with long-term unused minimum tax credits and increased net operating loss allowances.

Status of the Legislation

Latest Major Action: 9/27/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.

Points in Favor

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Points Against

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