S. 503 · 108th Congress

A bill to amend the Internal Revenue Code of 1986 to allow increase the minimum tax credit where stock acquired pursuant to an incentive stock option is sold or exchanged at a loss.

Stage
In committee
Sponsor
John Kerry
Introduced
2003-03-04
Latest action
2003-03-04 · Introduced in Senate

Summary

Amends the Internal Revenue Code to establish a special rule allowing a minimum credit against the alternative minimum tax where stock acquired pursuant to an incentive stock option is sold or exchanged at a loss.