H.R. 3861 · 110th Congress

AMT Credit Fairness and Relief Act of 2007

Stage
In committee
Introduced
2007-10-16
Latest action
2007-10-16 · Introduced in House

Summary

AMT Credit Fairness and Relief Act of 2007 - Amends the Internal Revenue Code to: (1) increase the alternative minimum tax (AMT) refundable credit amount for individuals who have long-term unused minimum tax credits from prior taxable years; and (2) abate any underpayment of tax attributable to the application of special AMT rules for the treatment of incentive stock options.