HR 433 · 108th Congress 2003–2005, ended

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.

Introduced Jan 28, 2003 Originated House Sponsor Sam Johnson R-TX

Latest action · Jan 28, 2003 Referred to the House Committee on Ways and Means.

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.

IntroducedJan 28, 2003
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

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.

Cosponsors 17

Members who signed on, in the order they did. Signatures ran from Jan 28, 2003 to Mar 31, 2004; 6 are original cosponsors, there from the day it was introduced.

Seat	Cosponsor		Signed on
R-MN	Jim Ramstad	Original	Jan 28, 2003
R-IL	Philip M. Crane	Original	Jan 28, 2003
D-MA	Richard E. Neal	Original	Jan 28, 2003
D-CA	Robert T. Matsui	Original	Jan 28, 2003
R-CO	Scott McInnis	Original	Jan 28, 2003
R-VA	Tom Davis	Original	Jan 28, 2003
R-CA	Randy (Duke) Cunningham		Feb 11, 2003
R-CA	Wally Herger		Feb 11, 2003
D-NC	David E. Price		Feb 27, 2003
R-PA	Phil English		Apr 11, 2003
D-CA	Zoe Lofgren		Apr 11, 2003
R-CA	Doug Ose		May 7, 2003
D-CA	Michael M. Honda		May 22, 2003
D-CA	Anna G. Eshoo		Jul 15, 2003
R-CT	Christopher Shays		Oct 8, 2003
R-PA	Jim Gerlach		Nov 21, 2003
R-TX	Pete Sessions		Mar 31, 2004

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

Chamber	Committee	What it did
House	Ways and Means Committee	Referred Jan 28, 2003

Actions 2

Everything that happened, newest first.

Jan 28, 2003Introduced in House
Jan 28, 2003Referred to the House Committee on Ways and Means.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Printed hearings 1

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

Number	Hearing	Committee	Held
Serial No. 108-71	SELECT TAX ISSUES96 pages	Ways and Means Committee	Sep 23, 2004

Titles 1

Every title it has carried, official and short, at each stage.

Official Title as Introduced: 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.

Subjects

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

Text 1

Each version as it was printed, newest first.

Jan 28, 2003Introduced in House

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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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.