To amend the Internal Revenue Code of 1986 to provide alternative minimum tax relief for individuals for 2008.
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Alternative Minimum Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend through 2008 for individual taxpayers: (1) the offset of nonrefundable personal tax credits against regular and alternative minimum tax (AMT) liability; and (2) the increased alternative minimum tax (AMT) exemption amounts.
Increases the alternative minimum tax (AMT) refundable credit amount for individuals who have long-term unused minimum tax credits from prior taxable years. Abates any underpayment of tax attributable to the application of special AMT rules for the treatment of incentive stock options.
Referred to the House Committee on Ways and Means.
Received in the Senate and Read twice and referred to the Committee on Finance.
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S110-111)
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Mr. Neal (MA) moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H9306-9311)
DEBATE - The House proceeded with forty minutes of debate on H.R. 7005.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H9364-9365)
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 393 - 30 (Roll no. 634).(text: CR H9306-9307)
Roll Call #634 (House)On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 393 - 30 (Roll no. 634). (text: CR H9306-9307)
Roll Call #634 (House)checking server…
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Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.
Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 1128.
Motion to proceed to consideration of measure made in Senate. (consideration: CR S10859)
Cloture motion on the motion to proceed to the measure presented in Senate. (consideration: CR S10859; text: CR S10859)
Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 52 - 35. Record Vote Number: 215. (consideration: CR S10931; text: CR S10931)
Roll Call #215 (Senate)Motion by Senator Reid to reconsider the vote by which cloture on the motion to proceed to the measure (Record Vote No. 215] was not invoked entered in Senate. (consideration: CR S10931)