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Appendix
SEC. 29(b)(5).
(b) Limitations and Adjustments.--
* * * * * * *
(5) Application with other credits.--The
credit allowed by subsection (a) for any taxable year shall
not exceed the excess (if any) of --
(A) the regular tax for the taxable
year reduced by the sum of the credits
allowable under subpart A and sections 27 and 28,
over
(B) the tentative minimum tax for the
taxable year.
SEC. 53. CREDIT FOR PRIOR YEAR MINIMUM TAX LIABILITY.
(a) Allowance of Credit.--There shall be allowed as a
credit against the tax imposed by this chapter for any
taxable year an amount equal to the minimum tax credit for
such taxable year.
(b) Minimum Tax Credit.--For purposes of subsection
(a), the minimum tax credit for any taxable year is the
excess (if any) of --
(1) the adjusted net minimum tax imposed for
all prior taxable years beginning after 1986, over
(2) the amount allowable as a credit under
subsection (a) for such prior taxable years.
(c) Limitation.--The credit allowable under subsection
(a) for any taxable year shall not exceed the excess (if
any) of --
(1) The regular tax liability of the
taxpayer for such taxable year reduced by the sum of
the credits allowable under subparts A, B, D, E, and F
of this part, over
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