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ENR > Finance > House Approves AMT Patch - ENR | McGraw-Hill Construction

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House Approves AMT Patch - ENR | McGraw-Hill Construction

Publication Date: 20-DEC-07
Author:  Pam Hunter
Price: $4.95
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Description
The U.S. House of Representatives Dec. 19 approved an alternative minimum tax (AMT) one-year "patch" bill without any offsets, ending what had been a stalemate between Senate Republicans and House Democrats. The House voted 352 to 64 to support the measure, which will prevent millions of additional American households from having to pay the tax. The legislation now goes to the president, who says he will sign the measure.

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