I 
110TH CONGRESS 
1ST SESSION H. R. 1923 
To amend the Internal Revenue Code of 1986 to modify the exemption 
amount for the alternative minimum tax. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 18, 2007 
Mr. MCCARTHY of California 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 modify 
the exemption amount for the alternative minimum 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 ‘‘American Marriage 
Tax Relief Act of 2007’’. 
SEC. 2. MODIFICATION OF EXEMPTION AMOUNT FOR AL-
TERNATIVE MINIMUM TAX. 
(a) INCREASE OF EXEMPTION AMOUNT.—Paragraph 
(1) of section 55(d) of the Internal Revenue Code of 1986 
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(relating to exemption amount for taxpayers other than 
corporations) is amended— 
(1) in subparagraph (A) by striking ‘‘$45,000 
($62,550 in the case of taxable years beginning in 
2006)’’ and inserting ‘‘$85,000’’, 
(2) in subparagraph (B) by striking ‘‘$33,750 
($42,500 in the case of taxable years beginning in 
2006)’’ and inserting ‘‘50 percent of the dollar 
amount applicable under subparagraph (A)’’, and 
(3) in subparagraph (C) by striking ‘‘paragraph 
(1)(A)’’ and inserting ‘‘subparagraph (A)’’. 
(b) INCREASE OF ALTERNATIVE MINIMUM TAXABLE 
INCOME
FOR PHASE-OUT
OF EXEMPTION AMOUNT.— 
Paragraph (3) of section 55(d) of the Internal Revenue 
Code of 1986 (relating to phase-out of exemption amount) 
is amended— 
(1) in subparagraph (A)— 
(A) by striking ‘‘$150,000’’ and inserting 
‘‘$225,000’’, and 
(B) by striking ‘‘paragraph (1)(A) or (2)’’ 
and inserting ‘‘paragraph (1)(A)’’, 
(2) in subparagraph (B)— 
(A) by striking ‘‘$112,500’’ and inserting 
‘‘50 percent of the dollar amount applicable 
under subparagraph (A)’’, and 
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(B) by striking ‘‘and’’ at the end, 
(3) in subparagraph (C)— 
(A) by striking ‘‘$75,000’’ and inserting 
‘‘50 percent of the dollar amount applicable 
under subparagraph (A)’’, and 
(B) by striking ‘‘subparagraph (C) or (D) 
of paragraph (1).’’ and inserting ‘‘paragraph 
(1)(C),’’ 
(4) by inserting after subparagraph (C) the fol-
lowing new subparagraphs: 
‘‘(D) $75,000 in the case of a taxpayer de-
scribed in paragraph (1)(D), and 
‘‘(E) $150,000 in the case of a taxpayer 
described in paragraph (2).’’. 
(c) INFLATION ADJUSTMENT.—Subsection (d) of sec-
tion 55 of the Internal Revenue Code of 1986 (relating 
to exemption amount) is amended by adding at the end 
the following new paragraph: 
‘‘(4) INFLATION ADJUSTMENT.—In the case of 
any taxable year beginning in a calendar year after 
2006, the dollar amounts contained in paragraph 
(1)(A) and paragraph (3)(A) shall be increased by 
an amount equal to— 
‘‘(A) such dollar amount, multiplied by 
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‘‘(B) the cost-of-living adjustment deter-
mined under section 1(f)(3) for the calendar 
year in which the taxable year begins, deter-
mined by substituting ‘calendar year 2005’ for 
‘calendar year 1992’ in subparagraph (B) 
thereof. 
Any increase determined under the preceding sen-
tence shall be rounded to the nearest multiple of 
$100.’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2006. 
Æ 
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