S. 138 · 111th Congress

A bill to amend the Internal Revenue Code of 1986 to repeal alternative minimum tax limitations on private activity bond interest, and for other purposes.

Stage
In committee
Sponsor
John Kerry
Introduced
2009-01-06
Latest action
2009-01-06 · Introduced in Senate

Summary

Amends the Internal Revenue Code to exempt interest earned on tax-exempt private activity bonds from the alternative minimum tax (AMT) and to exclude such interest as an adjustment to current earnings for purposes of computing alternative minimum taxable income.