Summary: H.R.3861 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for H.R.3861. Bill summaries are authored by CRS.

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Introduced in House (10/16/2007)

AMT Credit Fairness and Relief Act of 2007 - Amends the Internal Revenue Code to: (1) increase the alternative minimum tax (AMT) refundable credit amount for individuals who have long-term unused minimum tax credits from prior taxable years; and (2) abate any underpayment of tax attributable to the application of special AMT rules for the treatment of incentive stock options.