Roy E. and Linda Day - Page 21

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                              (2)  the tentative minimum tax for the                                     
                  taxable year.                                                                          
                        (d)  Definitions.--For purposes of this section--                                
                              (1)  Net minimum tax.--                                                    
                                     (A)  In General.--The term "net minimum                             
                              tax" means the tax imposed by section 55.                                  
                                     (B)  Credit Not Allowed For Exclusion                               
                        Preferences.--                                                                   
                                           (i)  Adjusted Net Minimum Tax.--The                           
                                     adjusted net minimum tax for any taxable                            
                                     year is--                                                           
                                                 (I)  the amount of the net                              
                                     minimum tax for such taxable year,                                  
                                     reduced by                                                          
                                                 (II)  the amount which would                            
                                     be the net minimum tax for such                                     
                              taxable year if the only                                                   
                        adjustments and items of tax                                                     
                  preference taken into account were                                  those              
                  specified in clause (ii) and                            if section                     
                  59(a)(2) did not apply.                                                                
                                           (ii)  Specified Items.--The                                   
                              following are specified in this clause--                                   
                                                 (I)  the adjustments provided                           
                                           for in subsection (b)(1) of section                           
                                           56, and                                                       
                                                 (II)  the items of tax                                  
                                     preference described in paragraphs                                  
                                     (1), (5), and (7) of section 57(a).                                 
                                           (iii)  Special Rule.--The adjusted                            
                                     net minimum tax for the taxable year                                
                              shall be increased by the amount of the                                    
                              credit not allowed under section 29                                        
                        (relating to credit for producing fuel                        from               
                  a nonconventional source) solely by                           reason of                
                  the application of section                       29(b)(6)(B) or not                    
                  allowed under section                      28 solely by reason of                      
                  the application                      of section 28(d)(2)(B), or not                    




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