HR 3976 · 108th Congress · Taxation
To amend the Internal Revenue Code of 1986 to repeal the depreciation adjustments required in computing alternative minimum taxable income.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2004-03-16)
Plain Language Summary
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Amends the Internal Revenue Code to repeal provisions requiring adjustments to depreciation in calculating alternative minimum taxable income. Eliminates certain accelerated depreciation as an item of tax preference for purposes of the alternative minimum tax.…
Summarized by Claude AI · Non-partisan · For informational purposes only