HR 5077
111th Congress
House
Taxation
Income tax exclusion
Income tax rates
Inflation and prices
To amend the Internal Revenue Code of 1986 to increase the alternative minimum tax exemption amount and index such amount for inflation.
Introduced: April 20, 2010
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 20, 2010
Referred to the House Committee on Ways and Means.
Apr 20, 2010
Sponsor introductory remarks on measure. (CR H2805)
Apr 20, 2010
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to make permanent and increase the alternative minimum tax (AMT) exemption amount to $100,000 for married couples filing a joint tax return and surviving spouses and to $75,000 for unmarried individuals. Adjusts such increased exemption amounts for inflation in taxable years beginning after 2010.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1