S 1324 · 107th Congress 2001–2003, ended

A bill to provide relief from the alternative minimum tax with respect to incentive stock options exercised during 2000.

Introduced Aug 2, 2001 Originated Senate Sponsor Joseph I. Lieberman D-CT

Fact sheet

Latest action · Aug 2, 2001 Read twice and referred to the Committee on Finance.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedAug 2, 2001
Passed SenateNot reached
Passed HouseNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Provides that, under the Internal Revenue Code (the Code), in the case of an incentive stock option exercised during calendar year 2000, the amount taken into account, under provisions of the Code concerning adjustments in computing alternative minimum taxable income for individuals, by reason of such exercise shall not exceed the amount that would have been taken into account if, on the date of such exercise, the fair market value of the stock acquired pursuant to such option had been its fair market value as of April 15, 2001 (or, if such stock is sold or exchanged on or before such date, the amount realized on such sale or exchange).

Cosponsors 4

Members who signed on, in the order they did. Signatures ran from Oct 10, 2001 to Dec 7, 2001.

Seat	Cosponsor	Signed on
D-IA	Tom Harkin	Oct 10, 2001
D-MA	John F. Kerry	Nov 7, 2001
D-CA	Barbara Boxer	Nov 15, 2001
R-CO	Wayne Allard	Dec 7, 2001

Actions 3

Everything that happened, newest first.

Aug 2, 2001Introduced in Senate
Aug 2, 2001Read twice and referred to the Committee on Finance.
Aug 2, 2001Sponsor introductory remarks on measure. (CR 8/3/2001 S8740-8741)

Related bills 1

Companion bills and other measures the record links to this one.

Bill	Title	Relationship	Latest action
HR 2794	To provide relief from the alternative minimum tax with respect to incentive stock options exercised during 2000.	Identical bill	Aug 3, 2001

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.