I 
111TH CONGRESS 
2D SESSION 
H. R. 6538 
To prevent pending tax increases and to permanently repeal the estate tax. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 16, 2010 
Mr. MACK introduced the following bill; which was referred to the Committee 
on Ways and Means 
A BILL 
To prevent pending tax increases and to permanently repeal 
the estate tax. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Permanent Tax Relief 
Act of 2010’’. 
SEC. 2. EGTRRA AND JGTRRA TAX RELIEF MADE PERMA-
NENT. 
(a) ECONOMIC GROWTH
AND TAX RELIEF REC-
ONCILIATION ACT OF 2001.—Title IX of the Economic 
Growth and Tax Relief Reconciliation Act of 2001 is here-
by repealed. 
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(b) INCOME TAX RATES ON DIVIDENDS AND NET 
CAPITAL GAIN.—Section 303 of the Jobs and Growth Tax 
Relief Reconciliation Act of 2003 is hereby repealed. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall take effect on the date of the enactment 
of this Act. 
SEC. 3. PERMANENT INDIVIDUAL AMT RELIEF. 
(a) MODIFICATION OF ALTERNATIVE MINIMUM TAX 
EXEMPTION AMOUNT.— 
(1) IN
GENERAL.—Paragraph (1) of section 
55(d) of the Internal Revenue Code of 1986 (relat-
ing to exemption amount) is amended to read as fol-
lows: 
‘‘(1) EXEMPTION
AMOUNT
FOR
TAXPAYERS 
OTHER THAN CORPORATIONS.—In the case of a tax-
payer other than a corporation, the term ‘exemption 
amount’ means— 
‘‘(A) the dollar amount for taxable years 
beginning in the calendar year as specified in 
the table contained in paragraph (4)(A) in the 
case of— 
‘‘(i) a joint return, or 
‘‘(ii) a surviving spouse, 
‘‘(B) the dollar amount for taxable years 
beginning in the calendar year as specified in 
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the table contained in paragraph (4)(B) in the 
case of an individual who— 
‘‘(i) is not a married individual, and 
‘‘(ii) is not a surviving spouse, 
‘‘(C) 50 percent of the dollar amount ap-
plicable under paragraph (1)(A) in the case of 
a married individual who files a separate re-
turn, and 
‘‘(D) $22,500 in the case of an estate or 
trust. 
For purposes of this paragraph, the term ‘surviving 
spouse’ has the meaning given to such term by sec-
tion 2(a), and marital status shall be determined 
under section 7703.’’. 
(2) SPECIFIED EXEMPTION AMOUNTS.—Section 
55(d) of such Code is amended by adding at the end 
the following new paragraph: 
‘‘(4) SPECIFIED EXEMPTION AMOUNTS.— 
‘‘(A) TAXPAYERS
DESCRIBED
IN
PARA-
GRAPH
(1)(A).—For purposes of paragraph 
(1))(A)— 
‘‘For taxable years beginning in— 
The exemp-
tion amount 
is: 
2010 ................................................................................................
$72,450
2011 ................................................................................................
$74,450
2012 ................................................................................................
$78,250
2013 ................................................................................................
$81,450
2014 ................................................................................................
$85,050
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‘‘For taxable years beginning in— 
The exemp-
tion amount 
is: 
2015 ................................................................................................
$88,650
2016 ................................................................................................
$92,650
2017 ................................................................................................
$96,550
2018 ................................................................................................
$100,950
2019 ................................................................................................
$105,150
2020 ................................................................................................
$109,950. 
‘‘(B) TAXPAYERS
DESCRIBED
IN
PARA-
GRAPH (1)(B).—For purposes of paragraph 
(1))(B)— 
‘‘For taxable years beginning in— 
The exemp-
tion amount 
is: 
2010 ................................................................................................
$47,450
2011 ................................................................................................
$48,450
2012 ................................................................................................
$50,350
2013 ................................................................................................
$51,950
2014 ................................................................................................
$53,750
2015 ................................................................................................
$55,550
2016 ................................................................................................
$57,550
2017 ................................................................................................
$59,500
2018 ................................................................................................
$61,700
2019 ................................................................................................
$63,800
2020 ................................................................................................
$66,200.’’. 
(b) ALTERNATIVE MINIMUM TAX RELIEF FOR NON-
REFUNDABLE CREDITS.— 
(1) IN GENERAL.—Subsection (a) of section 26 
of the Internal Revenue Code of 1986 is amended to 
read as follows: 
‘‘(a) LIMITATION BASED ON AMOUNT OF TAX.—The 
aggregate amount of credits allowed by this subpart for 
the taxable year shall not exceed the sum of— 
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‘‘(1) the taxpayer’s regular tax liability for the 
taxable year reduced by the foreign tax credit allow-
able under section 27(a), and 
‘‘(2) the tax imposed by section 55(a) for the 
taxable year.’’. 
(2) CONFORMING AMENDMENTS.— 
(A) ADOPTION CREDIT.— 
(i) Section 23(b) of such Code, as in 
effect on December 31, 2009, is amended 
by striking paragraph (4). 
(ii) Section 23(c) of such Code, as in 
effect on December 31, 2009, is amended 
by striking paragraphs (1) and (2) and in-
serting the following: 
‘‘(1) IN
GENERAL.—If the credit allowable 
under subsection (a) for any taxable year exceeds 
the limitation imposed by section 26(a) for such tax-
able year reduced by the sum of the credits allowable 
under this subpart (other than this section and sec-
tions 25D and 1400C), such excess shall be carried 
to the succeeding taxable year and added to the 
credit allowable under subsection (a) for such tax-
able year.’’. 
(iii) Section 23(c) of such Code, as in 
effect on December 31, 2009 amended by 
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redesignating paragraph (3) as paragraph 
(2). 
(B) CHILD TAX CREDIT.— 
(i) Section 24(b) of such Code is 
amended by striking paragraph (3). 
(ii) Section 24(d)(1) of such Code is 
amended— 
(I) by striking ‘‘section 26(a)(2) 
or subsection (b)(3), as the case may 
be,’’ each place it appears in subpara-
graphs (A) and (B) and inserting 
‘‘section 26(a)’’, and 
(II) by striking ‘‘section 26(a)(2) 
or subsection (b)(3), as the case may 
be’’ in the second last sentence and 
inserting ‘‘section 26(a)’’. 
(C) CREDIT FOR INTEREST ON CERTAIN 
HOME
MORTGAGES.—Section 25(e)(1)(C) of 
such Code is amended to read as follows: 
‘‘(C) APPLICABLE TAX LIMIT.—For pur-
poses of this paragraph, the term ‘applicable 
tax limit’ means the limitation imposed by sec-
tion 26(a) for the taxable year reduced by the 
sum of the credits allowable under this subpart 
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(other than this section and sections 23, 25D, 
and 1400C).’’. 
(D) SAVERS’ CREDIT.—Section 25B of 
such Code is amended by striking subsection 
(g). 
(E) RESIDENTIAL
ENERGY
EFFICIENT 
PROPERTY.—Section 25D(c) of such Code is 
amended to read as follows: 
‘‘(c) CARRYFORWARD OF UNUSED CREDIT.—If the 
credit allowable under subsection (a) exceeds the limita-
tion imposed by section 26(a) for such taxable year re-
duced by the sum of the credits allowable under this sub-
part (other than this section), such excess shall be carried 
to the succeeding taxable year and added to the credit al-
lowable under subsection (a) for such succeeding taxable 
year.’’. 
(F) CERTAIN
PLUG-IN
ELECTRIC
VEHI-
CLES.—Section 30(c)(2) of such Code is 
amended to read as follows: 
‘‘(2) PERSONAL CREDIT.—For purposes of this 
title, the credit allowed under subsection (a) for any 
taxable year (determined after application of para-
graph (1)) shall be treated as a credit allowable 
under subpart A for such taxable year.’’. 
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(G) ALTERNATIVE MOTOR VEHICLE CRED-
IT.—Section 30B(g)(2) of such Code is amend-
ed to read as follows: 
‘‘(2) PERSONAL CREDIT.—For purposes of this 
title, the credit allowed under subsection (a) for any 
taxable year (determined after application of para-
graph (1)) shall be treated as a credit allowable 
under subpart A for such taxable year.’’. 
(H) NEW
QUALIFIED
PLUG-IN
ELECTRIC 
VEHICLE CREDIT.—Section 30D(c)(2) of such 
Code is amended to read as follows: 
‘‘(2) PERSONAL CREDIT.—For purposes of this 
title, the credit allowed under subsection (a) for any 
taxable year (determined after application of para-
graph (1)) shall be treated as a credit allowable 
under subpart A for such taxable year.’’. 
(I) CROSS REFERENCES.—Section 55(c)(3) 
of such Code is amended by striking ‘‘26(a), 
30C(d)(2),’’ and inserting ‘‘30C(d)(2)’’. 
(J) FOREIGN TAX CREDIT.—Section 904 of 
such Code is amended by striking subsection (i) 
and by redesignating subsections (j), (k), and 
(l) as subsections (i), (j), and (k), respectively. 
(K) FIRST-TIME HOME BUYER CREDIT FOR 
THE
DISTRICT
OF
COLUMBIA.—Section 
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