S 616 · 107th Congress · Taxation

Real AMT Relief Act of 2001

Introduced 2001-03-26· Sponsored by Sen. Hutchinson, Tim [R-AR]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2899-2900)(2001-03-26)

Plain Language Summary

[AI summary unavailable — showing source text] Real AMT Relief Act of 2001 - Amends the Internal Revenue Code to provide for a graduated phaseout of the alternative minimum tax (AMT) on individuals (such tax to be eliminated for individuals as of 2005). Provides for coordination with: (1) income averaging for farmers; and (2) the child care credit. Increases the gross receipts test, including the first three-year period, for the small corporation AMT exemption.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Sen. Bond, Christopher S. [R-MO]MO