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S 1831 107th Congress Senate Taxation Employee stock options Finance and Financial Sector Income tax Labor and Employment Minimum tax Personal income tax Stocks Tax exclusion Valuation

A bill to provide alternative minimum tax relief with respect to incentive stock options exercised during 2000.

Introduced: December 14, 2001 Introduced by: Grassley, Chuck Republican · Iowa 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
Dec 14, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S13305)
Dec 14, 2001
Sponsor introductory remarks on measure. (CR S13304-13305)
Dec 14, 2001
Introduced in Senate
 Plain-English summary Congressional Research Service
Provides under the Internal Revenue Code (the Code), in the case of an incentive stock option exercised during calendar year 2000, the amount taken into account under provisions of the Code concerning adjustments in computing alternative minimum taxable income for individuals by reason of such exercise shall not exceed the amount that would have been taken into account if, on the date of such exercise, the fair market value of the stock acquired pursuant to such option had been its fair market value as of April 15, 2001 (or, if such stock is sold or exchanged on or before such date, the amount realized on such sale or exchange).

Establishes adjusted gross income threshold and phaseout amounts for purposes of this adjustment.

What's happening now December 14, 2001

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S13305)

 Committees of jurisdiction 1