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HR 4157 108th Congress House Taxation Commerce Finance and Financial Sector Income tax Interest Minimum tax Tax exclusion Tax preferences Tax-exempt securities

To amend the Internal Revenue Code of 1986 to prevent the alternative minimum tax from effectively repealing the Federal tax exemption for interest on State and local private activity bonds.

Introduced: April 2, 2004 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
Apr 2, 2004
Referred to the House Committee on Ways and Means.
Apr 2, 2004
Sponsor introductory remarks on measure. (CR E524)
Apr 2, 2004
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to eliminate tax-exempt interest earned on private activity bonds as an item of tax preference for purposes of calculating the alternative minimum tax.

What's happening now April 2, 2004

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1