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{title: 'THOMAS - Bill Text - s2886.is', link: 'http://thomas.loc.gov/cgi-bin/query/z?c110:s2886.is:' }


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Congressional Record References

Bill Summary & Status

S.2886

Alternative Minimum Tax and Extenders Tax Relief Act of 2008 (Introduced in Senate)

Beginning
April 17, 2008
    SECTION 1. SHORT TITLE; AMENDMENT OF 1986 CODE; TABLE OF CONTENTS.
    Sec. 1. Short title; amendment of 1986 Code; table of contents.
TITLE I--ALTERNATIVE MINIMUM TAX RELIEF
    SEC. 101. EXTENSION OF ALTERNATIVE MINIMUM TAX RELIEF FOR NONREFUNDABLE PERSONAL CREDITS.
    SEC. 102. EXTENSION OF INCREASED ALTERNATIVE MINIMUM TAX EXEMPTION AMOUNT.
TITLE II--INDIVIDUAL TAX PROVISIONS
    SEC. 201. ELECTION TO INCLUDE COMBAT PAY AS EARNED INCOME FOR PURPOSES OF THE EARNED INCOME CREDIT.
    SEC. 202. DISTRIBUTIONS FROM RETIREMENT PLANS TO INDIVIDUALS CALLED TO ACTIVE DUTY.
    SEC. 203. DEDUCTION FOR STATE AND LOCAL SALES TAXES.
    SEC. 204. DEDUCTION OF QUALIFIED TUITION AND RELATED EXPENSES.
    SEC. 205. DEDUCTION FOR CERTAIN EXPENSES OF ELEMENTARY AND SECONDARY SCHOOL TEACHERS.
    SEC. 206. MODIFICATION OF MORTGAGE REVENUE BONDS FOR VETERANS.
    SEC. 207. TAX-FREE DISTRIBUTIONS FROM INDIVIDUAL RETIREMENT PLANS FOR CHARITABLE PURPOSES.
    SEC. 208. TREATMENT OF CERTAIN DIVIDENDS OF REGULATED INVESTMENT COMPANIES.
    SEC. 209. STOCK IN RIC FOR PURPOSES OF DETERMINING ESTATES OF NONRESIDENTS NOT CITIZENS.
    SEC. 210. QUALIFIED INVESTMENT ENTITIES.
    SEC. 211. QUALIFIED CONSERVATION CONTRIBUTIONS.
TITLE III--BUSINESS TAX PROVISIONS
    SEC. 301. EXTENSION AND MODIFICATION OF RESEARCH CREDIT.
    SEC. 302. NEW MARKETS TAX CREDIT.
    SEC. 303. SUBPART F EXCEPTION FOR ACTIVE FINANCING INCOME.
    SEC. 304. EXTENSION OF LOOK-THRU RULE FOR RELATED CONTROLLED FOREIGN CORPORATIONS.
    SEC. 306. ENHANCED CHARITABLE DEDUCTION FOR CONTRIBUTIONS OF FOOD INVENTORY.
    SEC. 307. EXTENSION OF ENHANCED CHARITABLE DEDUCTION FOR CONTRIBUTIONS OF BOOK INVENTORY.
    SEC. 308. MODIFICATION OF TAX TREATMENT OF CERTAIN PAYMENTS TO CONTROLLING EXEMPT ORGANIZATIONS.
    SEC. 309. BASIS ADJUSTMENT TO STOCK OF S CORPORATIONS MAKING CHARITABLE CONTRIBUTIONS OF PROPERTY.
    SEC. 310. INCREASE IN LIMIT ON COVER OVER OF RUM EXCISE TAX TO PUERTO RICO AND THE VIRGIN ISLANDS.
    SEC. 311. PARITY IN THE APPLICATION OF CERTAIN LIMITS TO MENTAL HEALTH BENEFITS.
    SEC. 312. EXTENSION OF ECONOMIC DEVELOPMENT CREDIT FOR AMERICAN SAMOA.
    SEC. 313. EXTENSION OF MINE RESCUE TEAM TRAINING CREDIT.
    SEC. 314. EXTENSION OF ELECTION TO EXPENSE ADVANCED MINE SAFETY EQUIPMENT.
    SEC. 315. EXTENSION OF EXPENSING RULES FOR QUALIFIED FILM AND TELEVISION PRODUCTIONS.
    SEC. 316. DEDUCTION ALLOWABLE WITH RESPECT TO INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES IN PUERTO RICO.
    SEC. 317. EXTENSION OF QUALIFIED ZONE ACADEMY BONDS.
    SEC. 318. INDIAN EMPLOYMENT CREDIT.
    SEC. 319. ACCELERATED DEPRECIATION FOR BUSINESS PROPERTY ON INDIAN RESERVATION.
    SEC. 320. RAILROAD TRACK MAINTENANCE.
    SEC. 321. SEVEN-YEAR COST RECOVERY PERIOD FOR MOTORSPORTS RACING TRACK FACILITY.
    SEC. 322. EXPENSING OF ENVIRONMENTAL REMEDIATION COSTS.
    SEC. 323. EXTENSION OF WORK OPPORTUNITY TAX CREDIT FOR HURRICANE KATRINA EMPLOYEES.
TITLE IV--EXTENSIONS OF ENERGY PROVISIONS
    SEC. 401. EXTENSION OF CREDIT FOR ENERGY EFFICIENT APPLIANCES.
    SEC. 402. EXTENSION OF CREDIT FOR NONBUSINESS ENERGY PROPERTY.
    SEC. 403. EXTENSION OF CREDIT FOR RESIDENTIAL ENERGY EFFICIENT PROPERTY.
    SEC. 404. EXTENSION OF RENEWABLE ELECTRICITY, REFINED COAL, AND INDIAN COAL PRODUCTION CREDIT.
    SEC. 405. EXTENSION OF NEW ENERGY EFFICIENT HOME CREDIT.
    SEC. 406. EXTENSION OF ENERGY CREDIT.
    SEC. 407. EXTENSION AND MODIFICATION OF CREDIT FOR CLEAN RENEWABLE ENERGY BONDS.
    SEC. 408. EXTENSION OF ENERGY EFFICIENT COMMERCIAL BUILDINGS DEDUCTION.
TITLE V--TAX ADMINISTRATION
    SEC. 501. PERMANENT AUTHORITY FOR UNDERCOVER OPERATIONS.
    SEC. 502. PERMANENT DISCLOSURES OF CERTAIN TAX RETURN INFORMATION.
    SEC. 503. DISCLOSURE OF INFORMATION RELATING TO TERRORIST ACTIVITIES.


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