HR 2318 · 106th Congress · Taxation
Alternative Minimum Tax Reform Act of 1999
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(1999-06-23)
Plain Language Summary
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Alternative Minimum Tax Reform Act of 1999 - Amends the Internal Revenue Code to allow a corporation to use, as specified, long-term unused credits against the minimum tax. Allows a ten-year carryback, for purposes of the alternative tax net operating loss deduction, in the case of a corporation that has a net operating loss for three or more consecutive years.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (11)
11 Republicans