I
110th CONGRESS
1st Session
H. R. 1366
IN THE HOUSE OF REPRESENTATIVES
March 7, 2007
Mr. English of Pennsylvania (for himself, Mr. Sam Johnson of Texas, Mr. Sessions, Mr. Kuhl of New York, Mr. Culberson, Mr. Davis of Kentucky, Mr. Bishop of Utah, Mr. Miller of Florida, Mr. Gary G. Miller of California, Mr. Jordan of Ohio, Mr. Shays, Mr. Simpson, Mrs. Musgrave, Mr. Conaway, Mr. Manzullo, and Mr. Doolittle) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to repeal the alternative minimum tax on individuals.
Short title
This Act may be cited as the
Individual AMT Repeal Act of
2007
.
Repeal of individual alternative minimum tax
In general
Section 55(a) of the Internal Revenue Code of 1986 (relating to alternative minimum tax imposed) is amended by adding at the end the following new flush sentence:
Except in the case of a corporation, no tax shall be imposed by this section for any taxable year beginning after December 31, 2006, and the tentative minimum tax of any taxpayer other than a corporation for any such taxable year shall be zero for purposes of this title.
.
Effective date
The amendment made by this section shall apply to taxable years beginning after December 31, 2006.