Children of Fallen Ser­vice­mem­bers AMT Relief Act of 2019

I 116TH CONGRESS 1ST SESSION H. R. 1791 To amend the Internal Revenue Code of 1986 to exempt survivor benefit annuity plan payments from the individual alternative minimum tax. IN THE HOUSE OF REPRESENTATIVES MARCH 14, 2019 Mr. LARSEN of Washington (for himself, Mr. CARTER of Texas, Mrs. ROD- GERS of Washington, Mr. CONNOLLY, Mr. BISHOP of Georgia, Mr. WIL- SON of South Carolina, and Mr. WITTMAN) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to exempt survivor benefit annuity plan payments from the indi- vidual alternative minimum tax. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Children of Fallen Ser- 4 vicemembers AMT Relief Act of 2019’’. 5 VerDate Sep 11 2014 04:57 Mar 29, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1791.IH H1791 kjohnson on DSK79L0C42 with BILLS 2 •HR 1791 IH SEC. 2. EXEMPTION FOR SURVIVOR BENEFIT ANNUITY 1 PLAN PAYMENTS FROM THE INDIVIDUAL AL- 2 TERNATIVE MINIMUM TAX. 3 (a) IN GENERAL.—Section 59(j)(1) of the Internal 4 Revenue Code of 1986 is amended by adding at the end 5 the following new flush sentence: 6 ‘‘Solely for purposes of this subsection, any annuity 7 paid under the Survivor Benefit Plan under sub- 8 chapter II of chapter 73 of title 10, United States 9 Code, shall be considered earned income.’’. 10 (b) EFFECTIVE DATE.—The amendment made by 11 this section shall apply to taxable years beginning after 12 the date of the enactment of this Act. 13 Æ VerDate Sep 11 2014 04:57 Mar 29, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H1791.IH H1791 kjohnson on DSK79L0C42 with BILLS