To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes.
Committees
House Ways and Means
Bill Summary
Tax Increase Prevention Act of 2007 - Amends the Internal Revenue Code to extend through 2007 for individual taxpayers: (1) the increased alternative minimum tax (AMT) exemption amounts; and (2) the offset of nonrefundable personal tax credits against regular and AMT liability.
To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes.
Tax Increase Prevention Act of 2007 - Amends the Internal Revenue Code to extend through 2007 for individual taxpayers: (1) the increased alternative minimum tax (AMT) exemption amounts; and (2) the offset of nonrefundable personal tax credits against regular and AMT liability.