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Full Text of this Amendment
and to amend the Internal Revenue Code of 1986 to provide tax incentives for the production of renewable energy and energy conservation; which was ordered to lie on the table; as follows:
On page 82, between lines 7 and 8, insert the following:
SEC. 605. AFFORDABLE HOUSING CREDIT ALLOWED AGAINST ALTERNATIVE MINIMUM TAX.
(a) In General.--Subparagraph (B) of section 38(c)(4) of the Internal Revenue Code of 1986 (relating to specified credits) is amended--
(1) by redesignating clauses (ii), (iii), and (iv) as clauses (iii), (iv), and (v), respectively, and
(2) by inserting after clause (i) the following new clause:
``(ii) the credit determined under section 42(a),''.
(b) Effective Date.--The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.
(As printed in the Congressional Record for the Senate on Apr 3, 2008.)