Individual AMT Repeal Act of 2011

Individual AMT Repeal Act of 2011 - Amends the Internal Revenue Code to repeal the alternative minimum tax (AMT) on individuals after 2010.

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 547 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 547

 To amend the Internal Revenue Code of 1986 to repeal the alternative 
                      minimum tax on individuals.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 8, 2011

 Mr. Garrett (for himself, Mr. Kingston, Mr. Bartlett, Mrs. Blackburn, 
     Mr. Chaffetz, Mr. Bishop of Utah, Mr. Burton of Indiana, Mr. 
DesJarlais, Mr. Fleming, Mr. Franks of Arizona, Mr. Gingrey of Georgia, 
  Mrs. Hartzler, Mr. Herger, Mr. Issa, Mr. Lamborn, Mr. Marchant, Mr. 
  McClintock, Mr. Paul, Mr. Roe of Tennessee, Mr. Pence, Mr. Broun of 
      Georgia, Mr. LaTourette, Mr. Conaway, Mr. Wittman, and Mr. 
Sensenbrenner) introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to repeal the alternative 
                      minimum tax on individuals.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Individual AMT Repeal Act of 2011''.

SEC. 2. REPEAL OF INDIVIDUAL ALTERNATIVE MINIMUM TAX.

    (a) In General.--Section 55(a) of the Internal Revenue Code of 1986 
(relating to alternative minimum tax imposed) is amended by adding at 
the end the following new flush sentence:
``Except in the case of a corporation, no tax shall be imposed by this 
section for any taxable year beginning after December 31, 2010, and the 
tentative minimum tax of any taxpayer other than a corporation for any 
such taxable year shall be zero for purposes of this title.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2010.
                                 <all>