H.R. 7005 - To Amend the Internal Revenue Code of 1986 to Provide Alternative Minimum Tax Relief for Individuals for 2008.

To Amend the Internal Revenue Code of 1986 to Provide Alternative Minimum Tax Relief for Individuals for 2008.

H.R. 7005 — 110^th Congress (2007–2008)

Summary

To amend the Internal Revenue Code of 1986 to provide alternative minimum tax relief for individuals for 2008. (by CRS)

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Title

To amend the Internal Revenue Code of 1986 to provide alternative minimum tax relief for individuals for 2008.

Other Titles

• Alternative Minimum Tax Relief Act of 2008
• Alternative Minimum Tax Relief Act of 2008

Sponsor

Charles Rangel

Co-Sponsors

• Walter Herger
• William Pascrell
• Christopher Van Hollen
• James McCrery
• Thomas Reynolds
• Richard Neal
• John Lewis
• Joseph Crowley
• Jon Porter
• Kevin Brady
• Kendrick Meek
• James McDermott
• Earl Blumenauer
• Shelley Berkley

Subjects

• Taxation
• Employee stock options
• Finance
• Income tax
• Labor
• Minimum tax
• Tax credits
• Tax exemption
• Tax refunds

Related Bills

• H.R. 5031 (110^th) : Stealth Tax Relief Extension Act of 2008
• H.R. 6275 (110^th) : Alternative Minimum Tax Relief Act of 2008
• S. 102 (110^th) : A Bill to Amend the Internal Revenue Code of 1986 to Extend and Expand Relief from the Alternative Minimum Tax and to Repeal the Extension of the Lower Rates for Capital Gains and Dividends for 2009 and 2010.

Major Actions

Introduced	9/23/2008
Referred to Committee
Amendments (3 proposed)
Passed House	9/24/2008

Bill History

• All Votes
• All Actions
• Amendments

	Chamber/Committee	Motion	Date	Result
select this vote	House	On Passage - House - H.R. 7005 Alternative Minimum Tax Relief Act of 2008 - Under Suspension of the Rules	9/24/2008	This bill PASSED the House 393 voted YES 30 voted NO 10 voted present/not voting
currently selected	Senate	Motion to Invoke Cloture on the Motion to Proceed to Consider H.R. 7005.	12/12/2008	This motion DID NOT PASS the Senate 52 voted YES 35 voted NO 12 voted present/not voting

	Action	Date	Description
	Introduced	9/23/2008
		9/23/2008	Referred to the House Committee on Ways and Means.
		9/24/2008	Received in the Senate.
		9/24/2008	Mr. Neal (MA) moved to suspend the rules and pass the bill.
		9/24/2008	Considered under suspension of the rules.
		9/24/2008	DEBATE - The House proceeded with forty minutes of debate on H.R. 7005.
		9/24/2008	At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
		9/24/2008	Considered as unfinished business.
select this vote	House Vote on Passage	9/24/2008	On Passage - House - H.R. 7005 Alternative Minimum Tax Relief Act of 2008 - Under Suspension of the Rules
		12/08/2008	Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
	Put on a legislative calendar	12/09/2008	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 1128.
		12/10/2008	Motion to proceed to consideration of measure made in Senate.
		12/10/2008	Cloture motion on the motion to proceed to the measure presented in Senate.
		12/11/2008	Motion by Senator Reid to reconsider the vote by which cloture on the motion to proceed to the measure (Record Vote No. 215] was not invoked entered in Senate.
currently selected	Vote	12/12/2008	Motion to Invoke Cloture on the Motion to Proceed to Consider H.R. 7005.

	Number	Sponsor	Date Offered	Status
	S. Amdt. 5700	Baucus, Max [D-MT]	December 11, 2008	Offered on December 10, 2008.
	Amendment information not available. Show amendment details
	S. Amdt. 5701	Ensign, John [R-NV]	December 11, 2008	Offered on December 10, 2008.
	Amendment information not available. Show amendment details
	S. Amdt. 5704	Dodd, Christopher [D-CT]	December 11, 2008	Offered on December 10, 2008.
	Amendment information not available. Show amendment details