Providing for consideration of the bill (H.R. 1366) to amend the Internal Revenue Code of 1986 to repeal the alternative minimum tax on individuals.

That immediately upon the adoption of this resolution the House shall without intervention of any point of order consider in the House the bill (H.R. 1366) to amend the Internal Revenue Code of 1986 to repeal the alternative minimum tax on individuals. The bill shall be considered as read. The previous question shall be considered as ordered on the bill to final adoption without intervening motion or demand for division of the question except: (1) one hour of debate on the resolution equally divided and controlled by the chairman and ranking minority member of the Committee on Rules; (2) an amendment in the nature of a substitute, if offered by Representative Rangel of New York, which shall be considered as read and shall be separately debatable for one hour equally divided and controlled by the proponent and an opponent; and (3) one motion to recommit with or without instructions.