To amend the Internal Revenue Code of 1986 to allow a minimum credit against the alternative minimum tax where stock acquired pursuant to an incentive stock option is sold or exchanged at a loss.

Fact Sheet API

Bill Number

HR 5398

Introduced

Sep 18, 2002

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Employee stock options Finance and Financial Sector Income tax Labor and Employment Losses Minimum tax Personal income tax Tax credits Taxation

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Votes

Summary

Amends the Internal Revenue Code to establish a special rule allowing a minimum credit against the alternative minimum tax where stock acquired pursuant to an incentive stock option is sold or exchanged at a loss.

Actions

Sep 18, 2002

Referred to the House Committee on Ways and Means.
Sep 18, 2002

Sponsor introductory remarks on measure. (CR H6563)
Sep 18, 2002

Introduced in House

Amendments

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