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HR 6180 112th 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: July 24, 2012 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
Jul 24, 2012
Referred to the House Committee on Ways and Means.
Jul 24, 2012
Sponsor introductory remarks on measure. (CR E1308)
Jul 24, 2012
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 July 24, 2012

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1