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
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.