HR 425
111th Congress
House
Taxation
Income tax rates
Interest, dividends, interest rates
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: January 9, 2009
Introduced by:
Neal, Richard E.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 9, 2009
Referred to the House Committee on Ways and Means.
Jan 9, 2009
Introduced in House
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1