Summary: H.R.2524 — 105th Congress (1997-1998)All Information (Except Text)

There is one summary for H.R.2524. Bill summaries are authored by CRS.

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Introduced in House (09/23/1997)

Amends the Internal Revenue Code to revise the aggregate amount of credits allowed so that such amount shall not exceed the sum of: (1) the taxpayer's regular tax liability; plus (2) the alternative minimum tax amount. Permits the standard deduction and the deduction for personal exemptions to be used in calculating alternative minimum taxable income.