The same swap is made for the alternative minimum tax
What the document says“Section 56(a)(3) is amended by striking "any home construction contract (as defined in section 460(e)(6))" and inserting "any residential construction contract (as defined in section 460(e)(4))".”
The section replaces the reference to a home construction contract defined in section 460(e)(6) with a reference to a residential construction contract defined in section 460(e)(4) in section 56(a)(3) of the Internal Revenue Code of 1986.
What the document actually says“Section 56(a)(3) is amended by striking "any home construction contract (as defined in section 460(e)(6))" and inserting "any residential construction contract (as defined in section 460(e)(4))".”
A phrase is taken out of the minimum tax rule. The new term is put in its place.
The pointer also moves to a new spot. It follows the renumbering made above. Both rules now use the same term.
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