H.R. 3976 · 108th Congress
To amend the Internal Revenue Code of 1986 to repeal the depreciation adjustments required in computing alternative minimum taxable income.
- Stage
- In committee
- Sponsor
- Phil English
- Introduced
- 2004-03-16
- Latest action
- 2004-03-16 · Introduced in House
Summary
Amends the Internal Revenue Code to repeal provisions requiring adjustments to depreciation in calculating alternative minimum taxable income. Eliminates certain accelerated depreciation as an item of tax preference for purposes of the alternative minimum tax.