Alternative Minimum Tax (AMT)
June 2005
BNA's Web Watch is prepared by Laura
Gordon-Murnane. E-mail suggestions for future weekly topics
always welcome.
Federal Government
Recently Introduced Legislation
Individual Alternative Minimum Tax Repeal Act of 2005 (S.
1103)
Title: A bill to amend the Internal Revenue Code of 1986 to repeal
the individual alternative minimum tax.
Sponsor: Sen Baucus, Max [MT] (introduced 5/23/2005) Cosponsors
(14)
Latest Major Action: 5/23/2005 Referred to Senate committee. Status:
Read twice and referred to the Committee on Finance.
Congressional Hearings
Blowing the Cover on the Stealth Tax: Exposing the Individual
AMT
May 23 , 2005, at 12:30 p.m. in 628 Dirksen Senate Office Building
Member Statements:
Jon
Kyl, AZ
Charles
Grassley, IA
Max
Baucus, MT
Witness Statements:
Panel I
The
Honorable Robert Carroll, Deputy Assistant Secretary for Tax
Analysis, U.S. Department of Treasury, Washington, DC
Dr.
Douglas Holtz-Eakin, Director, Congressional Budget Office,
Washington, DC
Ms.
Nina E. Olson, National Taxpayer Advocate, Taxpayer Advocate
Service, Washington, DC
Dr.
Leonard E. Burman, Senior Fellow and co-director of the Urban-Brookings
Tax Policy Center, The Urban Institute, Washington, DC
Charts
Dr.
Kevin A. Hassett, Director of Economic Policy Studies, American
Enterprise Institute, Washington, DC
Ms.
Carol C. Markman, CPA, President, National Conference of CPA
Practioners and Partner at Feldman, Meinberg & Co., LLP, Jericho,
NY
JCT Report (JCX-37-05)
Outlining Present Law and Background on Individual Alternative Minimum
Tax in Advance of May 23, 2005, Public Hearing of Senate Finance
Subcommittee on Taxation and IRS Oversight
Congressional Budget Office
CBO A series of issue summaries from the Congressional Budget Office
No. 4, April 15, 2004 The
Alternative Minimum Tax
CRS Reports
The Alternative Minimum Tax For Individuals:
Legislative Initiatives And Their Revenue Effects - CRS Publication
Date: 04/22/2005
Author(s): Gregg Esenwein, Government and Finance Division
Alternative Minimum Taxpayers By State
GW Posted Date: 03/21/2005
CRS Publication Date: 03/17/2005
Author(s): Gregg Esenwein, Government and Finance Division
The alternative minimum tax (amt): income
entry points and take back effects - GW Posted Date: 02/19/2005
CRS Publication Date: 02/10/2005
Author(s): Gregg Esenwein, Government and Finance Division
Major Tax Issues in the 109th Congress
David Brumbaugh
President's Advisory Panel on Federal Tax Reform
Meeting
of the President's Advisory Panel on Federal Tax Reform: March
3, 2005 - 9:30 AM
Testimony
of Leonard Burman
Testimony
of Claudia Hill
Written
Statement of Thomas Rinaldi
Nongovernment Organizations
National Bureau of Economic Research
The Alternative
Minimum Tax and Effective Marginal Tax Rates (April 2004)
National Taxpayers’ Union
The
Individual Alternative Minimum Tax: No Alternative But Repeal NTU
Policy Paper 114 Matthew S. Bailey (Apr 22, 2004)
Tax Policy Center
The
Expanding Reach of the Individual Alternative Minimum Tax Testimony
submitted to the United States Senate Subcommittee on Taxation and
IRS Oversight of the Committee on Finance
Author(s): Leonard E. Burman
AMT
Coverage by State, 2003
Author(s): Leonard E. Burman, Troy Kravitz (Published: April 11,
2005)
The
Individual Alternative Minimum Tax: A presentation to the President's
Advisory Panel on Federal Tax Reform (Testimony)
Author(s): Leonard E. Burman
Len Burman's PowerPoint presentation on the Individual Alternative
Minimum Tax for the President's Advisory Panel on Tax Reform, March
3, 2005. (Published: 03/03/05)
Suppose
they took the AM out of the AMT? (Research Report)
Author(s): Leonard E. Burman , David Weiner
The
Individual Alternative Minimum Tax: A Data Update (Research
Report)
Author(s): Leonard E. Burman , William G. Gale , Matthew Hall ,
Jeff Rohaly, Mohammed Adeel Saleem
Urban-Brookings
Tax Policy Center, January 21, 2004
Leonard E. Burman, Senior Fellow and Co-Director, Tax Policy Center,
Urban Institute William G. Gale, Deputy Director and Senior Fellow,
Economic Studies, Brookings Jeffrey Rohaly, Research Associate,
Tax Policy Center, Urban Institute Matthew Hall, Senior Research
Assistant, Economic Studies, Brookings
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