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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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