House Bill 7377
115th Congress(2017-2018)
Children of Fallen Servicemembers AMT Relief Act
Introduced
Introduced in House on Dec 20, 2018
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
7377
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Children of Fallen Servicemembers AMT Relief Act
This bill amends the Internal Revenue Code, with respect to the individual alternative minimum tax (AMT), to specify that any annuity paid under the Department of Defense (DOD) Survivor Benefit Plan is considered earned income of a child. This prevents the benefits paid to children from being subject to the AMT. (The DOD program provides a lifetime annuity to survivors of military service members and retirees.)
December 20, 2018
12/20/2018
Referred to the House Committee on Ways and Means.
12/20/2018
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:40:45 PM