HR 1599
109th Congress
House
Taxation
Cost of living adjustments
Economics and Public Finance
Income tax
Indexing (Economic policy)
Minimum tax
Tax exemption
To amend the Internal Revenue Code of 1986 to extend for two years the higher exemption amounts under the alternative minimum tax for individuals and to adjust the exemption amounts and phaseout…
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Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 13, 2005
Referred to the House Committee on Ways and Means.
Apr 13, 2005
Introduced in House
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Plain-English summary
Amends the Internal Revenue Code to: (1) extend the increased exemption from the alternative minimum tax for individual taxpayers for two additional years; and (2) adjust for inflation such increased exemption amounts, the exemption amount for corporations, and the phaseout thresholds applicable to individual taxpayers with certain levels of alternative minimum taxable income.
What's happening now
Referred to the House Committee on Ways and Means.
Bill text
1 version
- Introduced in House Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cosponsors
1
Cite this page
U.S. Congress. (2026). H.R. 1599: To amend the Internal Revenue Code of 1986 to extend for two years the higher exemption amounts under the alternative minimum tax for individuals and to adjust the exemption amounts and phaseout thresholds in the alternative minimum tax for inflation.. 109th Congress. Open America. https://openamerica.io/bill/109-HR-1599/
"H.R. 1599: To amend the Internal Revenue Code of 1986 to extend for two years the higher exemption amounts under the alternative minimum tax for individuals and to adjust the exemption amounts and phaseout thresholds in the alternative minimum tax for inflation.." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-1599/.
H.R. 1599, 109th Cong. (2026), https://openamerica.io/bill/109-HR-1599/.
[H.R. 1599: To amend the Internal Revenue Code of 1986 to extend for two years the higher exemption amounts under the alternative minimum tax for individuals and to adjust the exemption amounts and phaseout thresholds in the alternative minimum tax for inflation.](https://openamerica.io/bill/109-HR-1599/)