HR 14389 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to raise needed additional revenues by increasing the amount of minimum tax imposed on tax preferences.

Introduced 1974-04-25· Sponsored by Rep. Adams, Brock [D-WA-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1974-04-25)

Plain Language Summary

[AI summary unavailable — showing source text] Increases the amount of minimum tax imposed on tax preferences by the Internal Revenue Code. Prohibits a carryover of excess taxes under the minimum tax section. Makes provisions for tax preferences for estates and trusts. (Amends 26 U.S.C. 56)…

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