I 

108TH CONGRESS 

2D SESSION H. R. 4131 

To amend the Internal Revenue Code of 1986 to limit the increase in the 

number of individuals affected by the alternative minimum tax and 

to repeal the alternative minimum tax for individuals in 2014. 

IN THE HOUSE OF REPRESENTATIVES 

APRIL 2, 2004 

Mr. HOUGHTON 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 limit the 

increase in the number of individuals affected by the 

alternative minimum tax and to repeal the alternative 

minimum tax for individuals in 2014. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as ‘‘Alternative Minimum Tax 

5 Repeal Act of 2004’’. 
2 

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1 SEC. 2. LIMITATION ON INCREASE IN NUMBER OF INDIVID2 UALS AFFECTED BY THE ALTERNATIVE MIN3 IMUM TAX; REPEAL OF ALTERNATIVE MIN4 IMUM TAX FOR INDIVIDUALS IN 2014. 

5 (a) LIMITATION ON INCREASE IN NUMBER OF INDI6 VIDUALS AFFECTED BY THE ALTERNATIVE MINIMUM

7 TAX.—Section 55(d) of the Internal Revenue Code of 

8 1986 (relating to exemption amount for taxpayers other 

9 than corporations) is amended— 

10 (1) in paragraph (1)(A), by striking ‘‘$45,000 

11 ($58,000 in the case of taxable years beginning in 

12 2003 and 2004)’’ and inserting ‘‘the applicable joint 

13 return amount’’, 

14 (2) in paragraph (1)(B), by striking ‘‘$33,750 

15 ($40,250 in the case of taxable years beginning in 

16 2003 and 2004)’’ and inserting ‘‘the applicable non17 joint return amount’’, and 

18 (3) by inserting after paragraph (3) the fol19 lowing new paragraph: 

20 ‘‘(4) APPLICABLE JOINT AND NON-JOINT RE21 TURN AMOUNTS.—For purposes of paragraph (1), 

22 the applicable joint return amount and the applica23 ble non-joint return amount shall be determined in 

24 accordance with the following table: 
3 

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‘‘For taxable years beginning in calendar year: The applicable joint 

return amount is: 

The applicable non-joint 

return amount is: 

2006 ......................................... $59,700 $41,400

2007 ......................................... $60,000 $41,600

2008, 2009, or 2010 ................ $61,500 $42,650

2011 or 2012 ........................... $49,900 $34,600

2013 ......................................... $49,950 $34,650’’. 

1 (b) REPEAL OF ALTERNATIVE MINIMUM TAX FOR

2 INDIVIDUALS IN 2014.—Subsection (a) of section 55 of 

3 such Code is amended by adding at the end the following 

4 new flush sentence: 

5 ‘‘Notwithstanding subsection (b), in the case of a taxpayer 

6 other than a corporation, the tentative minimum tax for 

7 any taxable year beginning after December 31, 2013, shall 

8 be zero.’’. 

9 (c) EXCEPTION TO EGTRRA SUNSET.—Subsection 

10 (a) of section 901 of the Economic Growth and Tax Relief 

11 Reconciliation Act of 2001 shall not apply to the amend12 ments made by title VII of such Act (relating to alter13 native minimum tax). 

14 (d) EFFECTIVE DATES.— 

15 (1) SUBSECTION (a).—The amendments made 

16 by subsection (a) shall apply to taxable years begin17 ning after December 31, 2005. 

18 (2) SUBSECTION (b).—The amendment made 

19 by subsection (b) shall apply to taxable years begin20 ning after December 31, 2013. 

Æ