H.R. 6180 · 112th Congress
To amend the Internal Revenue Code of 1986 to prevent the alternative minimum tax from effectively repealing the Federal tax exemption for interest on State and local private activity bonds.
- Stage
- In committee
- Sponsor
- Richard Neal
- Introduced
- 2012-07-24
- Latest action
- 2012-07-24 · Introduced in House
Summary
Amends the Internal Revenue Code to eliminate tax-exempt interest earned on private activity bonds as an item of tax preference for purposes of calculating the alternative minimum tax.