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HR 4489 105th Congress House Taxation Families Income Income tax Minimum tax Parent and child Personal income tax Tax credits

To amend the Internal Revenue Code of 1986 to simplify the $500 per child tax credit and other individual nonrefundable credits by repealing the complex limitations on the allowance of those credits resulting from their interaction with the alternative minimum tax.

Introduced: August 6, 1998 Introduced by: Neal, Richard E. Democratic · Massachusetts See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 7, 1998
Sponsor introductory remarks on measure. (CR E1608-1609)
Aug 6, 1998
Referred to the House Committee on Ways and Means.
Aug 6, 1998
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code with respect to nonrefundable personal credits to revise the limitation based on the amount of tax to provide that the aggregate amount allowed for such credits shall not exceed the sum of: (1) the taxpayer's regular tax liability; and (2) the alternative minimum tax.

What's happening now August 7, 1998

Sponsor introductory remarks on measure. (CR E1608-1609)

 Committees of jurisdiction 1