HR 2318 · 106th Congress · Taxation

Alternative Minimum Tax Reform Act of 1999

Introduced 1999-06-23· Sponsored by Rep. Hayworth, J. D. [R-AZ-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1999-06-23)

Plain Language Summary

[AI summary unavailable — showing source text] 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