Alternative Minimum Tax Relief Act of 2008
Sponsor: CHARLES RANGEL (D-NY)
Alternative Minimum Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend through 2008 for individual taxpayers: (1) the offset of nonrefundable personal tax credits against regular and alternative minimum tax (AMT) liability; and (2) the increased alternative minimum tax (AMT) exemption amounts. Increases the alternative minimum tax (AMT) refundable credit amount for individuals who have long-term unused minimum tax credits from prior taxable years. Abates any underpayment of tax attributable to the application of special AMT rules for the treatment of incentive stock options.
Taxation Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 12.2% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Nay | Won | 35 | 27.2% |
| Yea | Lost | 52 | 60.6% |
| Not represented on this question | No position taken | 0 | 12.2% |
Senate This side won even though more senators, and more Americans, voted the other way. Ending debate needed 60 votes here, not a majority.