To amend the Internal Revenue Code of 1986 to extend to 2006 the alternative minimum tax relief available in 2005 and to index such relief for inflation.
Committees
House Ways and Means
Bill Summary
Stealth Tax Relief Act of 2005 - Amends the Internal Revenue Code to: (1) extend through 2006 the increased alternative minimum tax exemption amount for individual taxpayers; and (2) adjust such increased exemption amount for inflation in 2006.
To amend the Internal Revenue Code of 1986 to extend to 2006 the alternative minimum tax relief available in 2005 and to index such relief for inflation.
Stealth Tax Relief Act of 2005 - Amends the Internal Revenue Code to: (1) extend through 2006 the increased alternative minimum tax exemption amount for individual taxpayers; and (2) adjust such increased exemption amount for inflation in 2006.