S. 1855 · 110th Congress
AMT Penalty Protection Act of 2007
- Stage
- In committee
- Sponsor
- Chuck Grassley
- Introduced
- 2007-07-23
- Latest action
- 2007-09-19 · Sponsor introductory remarks on measure.
Summary
AMT Penalty Protection Act of 2007 - Amends the Internal Revenue Code to exempt taxpayers who did no owe alternative minimum tax in a preceding taxable year from penalties for failure to pay estimated tax on alternative minimum tax liabilities for the current taxable year.