ALTERNATIVE MINIMUM TAX A Legislative History
Manz, William H.
Item: 342940
ISBN: 978-0-8377-1711-1
Published: 2009
When first introduced by the Tax Reform Act of 1969, the ATM only targeted high-income households that paid little or no tax. Its scope was expanded in 1986, disallowing many deductions and exemptions. In recent years, the AMT has come under increasing scrutiny because the failure to index it for inflation has resulted in more taxpayers' becoming subject to the tax. The set provides a legislative history of Congress' 2007 patch to minimize the impact of the tax, including the various bills introduced on the issue during the 110th Congress and the accompanying congressional debate. It also includes repeal bills and hearings from prior Congresses on AMT issues dating back to 1986, which illustrate the controversial nature of the tax and the long-running effort to deal with the problems it creates.
