To provide that no interest shal be imposed on any underpayment of tax resulting from the retroactive application of the amendment denying the deduction for personal exemptions under the alternative minimum tax.

Provides that no interest shall be imposed on any underpayment of tax for a taxable year beginning in 1987 that is attributable to an amendment made by the Technical and Miscellaneous Revenue Act of 1988 denying the deduction for personal exemptions under the alternative minimum tax.