WASHINGTON — Rep. Tim Huelskamp, R-Kan., has introduced legislation that would repeal the individual alternative minimum tax, potentially lowering the borrowing cost and improving the marketability of private-activity bonds.

The bill, which was introduced on Jan. 23 as the “American Freedom and Opportunity Act,” would be effective for taxable years beginning after December 31, 2010. It also would make permanent the Bush tax cuts.

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