S. 1851 · 110th Congress
Saving Families First Alternative Minimum Tax Relief Act of 2007
- Stage
- In committee
- Sponsor
- Jeff Sessions
- Introduced
- 2007-07-23
- Latest action
- 2007-07-23 · Introduced in Senate
Summary
Saving Families First Alternative Minimum Tax Relief Act of 2007 - Amends the Internal Revenue Code to allow: (1) the tax deduction for personal exemptions in determining the alternative minimum taxable income of individual taxpayers; and (2) an inflation adjustment for alternative minimum tax exemption and phaseout amounts for individual taxpayers beginning after 2007.