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Wednesday, June 25, 2008

House Approves One-Year AMT Patch, 233-189

The House today ignored a threatened veto by President Bush and voted 233-189 to approve H.R. 6275, the Alternative Minimum Tax Relief Act of 2008. The bill would extend for one year the current AMT patch, funded with $60 billion of revenue increases:

http://taxprof.typepad.com/taxprof_blog/2008/06/house-approves.html

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Comments

Sec. 203 of the bill, "Limitation on Treaty Benefits for Certain Deductible Payments," is identical to sec. 3204 of H.R. 3970, the Tax Reduction and Reform Act of 2007, which Chairman Rangel introduced last October.

Posted by: Martin B. Tittle | Jun 25, 2008 2:49:10 PM