Amends the Internal Revenue Code to permit the use of the regular depreciation rules for purposes of the alternative minimum tax.
Revises provisions relating to credit for prior year minimum tax liability to set forth a special rule for taxpayers with long-term unused credits.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S9445)
Read twice and referred to the Committee on Finance.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line