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S 2389 110th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to increase the alternative minimum tax credit amount for individuals with long-term unused credits for prior year minimum tax liability, and for…

Official title: A bill to amend the Internal Revenue Code of 1986 to increase the alternative minimum tax credit amount for individuals with long-term unused credits for prior… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to increase the alternative minimum tax credit amount for individuals with long-term unused credits for prior year minimum tax liability, and for other purposes.

Introduced: May 13, 2008 See on congress.gov
Taxation Employee stock optionsFinance and Financial SectorIncome taxLabor and Employment
More subjectsShow fewer subjects
Minimum taxTax creditsTax refunds
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 16, 2007
Read twice and referred to the Committee on Finance.
Nov 16, 2007
Introduced in Senate
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 Latest action November 16, 2007

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to: (1) increase the alternative minimum tax (AMT) refundable credit amount for individuals who have long-term unused minimum tax credits from prior taxable years; and (2) abate any underpayment of tax attributable to the application of special AMT rules for the treatment of incentive stock options.

 Related & companion bills 1
  • HR 3861 Related bill AMT Credit Fairness and Relief Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2 Republican 1
D
Durbin, Richard J.
Illinois · May 13, 2008
 R
Grassley, Chuck
Iowa · Feb 12, 2008
 D
Cantwell, Maria
Washington · Nov 16, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2389: A bill to amend the Internal Revenue Code of 1986 to increase the alternative minimum tax credit amount for individuals with long-term unused credits for prior year minimum tax liability, and for other purposes.. 110th Congress. Open America. https://openamerica.io/bill/110-S-2389/
MLA
"S. 2389: A bill to amend the Internal Revenue Code of 1986 to increase the alternative minimum tax credit amount for individuals with long-term unused credits for prior year minimum tax liability, and for other purposes.." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-2389/.
Bluebook (legal)
S. 2389, 110th Cong. (2026), https://openamerica.io/bill/110-S-2389/.
Markdown link
[S. 2389: A bill to amend the Internal Revenue Code of 1986 to increase the alternative minimum tax credit amount for individuals with long-term unused credits for prior year minimum tax liability, and for other purposes.](https://openamerica.io/bill/110-S-2389/)
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