HR ____, a bill to provide relief from the alternative minimum tax with respect to incentive stock options exercised during 2000.
Sponsor: Rep. Richard Neal (D-MA).
Date: August 2, 2001.
Source: Office of Rep. Zoe Lofgren (D-CA).
H. R. _______
IN THE HOUSE OF REPRESENTATIVES
Mr. NEAL of Massachusetts (for himself, Mr. TOM DAVIS of Virginia, Ms. LOFGREN, and Mr. WELLER) introduced the following bill; which was referred to the Committee on ___________
To provide relief from the alternative minimum tax with respect to incentive stock options exercised during 2000.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. ALTERNATIVE MINIMUM TAX RELIEF WITH RESPECT TO INCENTIVE STOCK OPTIONS EXERCISED DURING 2000.
In the case of an incentive stock option (as defined in section 422 of the Internal Revenue Code of 1986) exercised during calendar year 2000, the amount taken into account under section 56(b)(3) of such Code by reason of such exercise shall not exceed the amount that would have been taken into account if, on the date of such exercise, the fair market value of the stock acquired pursuant to such option had been its fair market value as of April 15, 2001 (or, if such stock is sold or exchanged on or before such date, the amount realized on such sale or exchange).