26 U.S.C. 55: Alternative minimum tax imposed

2022

• Pub. L. 117–169, §10101(a)(4)(A), substituted "There" for "In the case of a taxpayer other than a corporation, there" in introductory provisions. Law text · (a)
• Pub. L. 117–169, §10101(a)(3), inserted "plus, in the case of an applicable corporation, the tax imposed by section 59A" before period at end. Law text · (a)
• Pub. L. 117–169, §10101(a)(4)(B)(i)(I), substituted "Noncorporate taxpayers" for "Amount of tentative tax" in heading and inserted introductory provisions. Law text · (b)
• Pub. L. 117–169, §10101(a)(4)(B)(i)(II), added subpar. (D). Law text · (b)
• Pub. L. 117–169, §10101(a)(1), amended par. (2) generally. Prior to amendment, par. (2) defined "alternative minimum taxable income". Law text · (b)

2019

• Pub. L. 116–94 added cl. (iii). (Further Consolidated Appropriations Act, 2020) Law text · (d)

2017

• Pub. L. 115–97, §12001(a), substituted "In the case of a taxpayer other than a corporation, there" for "There" in introductory provisions. Law text · (a)
• Pub. L. 115–97, §12001(b)(3)(A), amended par. (1) generally. Prior to amendment, par. (1) related to amount of tentative tax. Law text · (b)
• Pub. L. 115–97, §12001(b)(3)(B), substituted "paragraph (1)(A)" for "paragraph (1)(A)(i)" in introductory provisions. Law text · (b)
• Pub. L. 115–97, §12001(b)(4), struck out ", the section 936 credit allowable under section 27(b), and the Puerto Rico economic activity credit under section 30A" after "section 27(a)". Law text · (c)
• Pub. L. 115–97, §12001(b)(5)(A), redesignated par. (3) as (2) and struck out former par. (2). Prior to amendment, text of par. (2) read as follows: "In the case of a corporation, the term 'exemption amount' means $40,000." Law text · (d)
• Pub. L. 115–97, §12001(b)(5)(B), struck out subpar. (D) which read as follows: "$150,000 in the case of a taxpayer described in paragraph (2)." Law text · (d)
• Pub. L. 115–97, §12001(b)(5)(A), redesignated par. (4) as (3). Former par. (3) redesignated (2). Law text · (d)
• Pub. L. 115–97, §12001(b)(5)(C)(i), substituted "(b)(1)(A)" for "(b)(1)(A)(i)". Law text · (d)
• Pub. L. 115–97, §12001(b)(5)(C)(ii), substituted "paragraph (2)" for "paragraph (3)". Law text · (d)
• Pub. L. 115–97, §12003(a), added par. (4). Former par. (4) redesignated (3). Law text · (d)
• Pub. L. 115–97, §11002(d)(1)(I), substituted "for 'calendar year 2016' in subparagraph (A)(ii)" for "for 'calendar year 1992' in subparagraph (B)". Law text · (d)
• Pub. L. 115–97, §12001(b)(6), struck out subsec. (e) which related to exemption for small corporations. Law text · (e)

2015

• Pub. L. 114–113 struck out par. (4) which related to the maximum rate of tax on qualified timber gain of corporations. (Consolidated Appropriations Act, 2016) Law text · (b)

2014

• Pub. L. 113–295, §202(c)(1), inserted "subparagraphs (A), (B), and (D) of" before "paragraph (1)". Law text · (d)
• Pub. L. 113–295, §202(c)(2), substituted "increased amount" for "increase". Law text · (d)

2013

• Pub. L. 112–240, §104(b)(2)(A), substituted "by substituting 50 percent of the dollar amount otherwise applicable under subclause (I) and subclause (II) thereof." for "by substituting '$87,500' for '$175,000' each place it appears." (American Taxpayer Relief Act of 2012) Law text · (b)
• Pub. L. 112–240, §102(c)(2), substituted "0 percent" for "5 percent (0 percent in the case of taxable years beginning after 2007)". (American Taxpayer Relief Act of 2012) Law text · (b)
• Pub. L. 112–240, §102(b)(2), added subpars. (C) and (D), redesignated former subpar. (D) as (E), and struck out former subpar. (C) which read as follows: "15 percent of the adjusted net capital gain (or, if less, taxable excess) in excess of the amount on which tax is dete… (American Taxpayer Relief Act of 2012) Law text · (b)
• Pub. L. 112–240, §104(c)(2)(J), substituted "30C(d)(2)" for "26(a), 30C(d)(2),". (American Taxpayer Relief Act of 2012) Law text · (c)
• Pub. L. 112–240, §104(a)(1)(A), in introductory provisions, substituted "$78,750" for "$45,000 ($72,450 in the case of taxable years beginning in 2010 and $74,450 in the case of taxable years beginning in 2011)". (American Taxpayer Relief Act of 2012) Law text · (d)
• Pub. L. 112–240, §104(a)(1)(B), in introductory provisions, substituted "$50,600" for "$33,750 ($47,450 in the case of taxable years beginning in 2010 and $48,450 in the case of taxable years beginning in 2011)". (American Taxpayer Relief Act of 2012) Law text · (d)
• Pub. L. 112–240, §104(a)(1)(C), substituted "subparagraph (A)" for "paragraph (1)(A)". (American Taxpayer Relief Act of 2012) Law text · (d)
• Pub. L. 112–240, §104(b)(2)(B)(i), struck out "or (2)" after "paragraph (1)(A)". (American Taxpayer Relief Act of 2012) Law text · (d)
• Pub. L. 112–240, §104(b)(2)(B)(ii), (iii), added subpars. (C) and (D) and struck out former subpar. (C) which read as follows: "$75,000 in the case of a taxpayer described in subparagraph (C) or (D) of paragraph (1)." (American Taxpayer Relief Act of 2012) Law text · (d), (D)
• Pub. L. 112–240, §104(b)(1), added par. (4). (American Taxpayer Relief Act of 2012) Law text · (d)

2010

• Pub. L. 111–312, §201(a)(1), substituted "$72,450 in the case of taxable years beginning in 2010 and $74,450 in the case of taxable years beginning in 2011" for "$70,950 in the case of taxable years beginning in 2009". (Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010) Law text · (d)
• Pub. L. 111–312, §201(a)(2), substituted "$47,450 in the case of taxable years beginning in 2010 and $48,450 in the case of taxable years beginning in 2011" for "$46,700 in the case of taxable years beginning in 2009". (Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010) Law text · (d)
• Pub. L. 111–240 substituted "38(c)(6)(B)" for "38(c)(3)(B)". (Small Business Jobs Act of 2010) Law text · (e)

2009

• Pub. L. 111–5, §1144(b)(3), struck out "30B(g)(2)," after "sections 26(a),". (American Recovery and Reinvestment Act of 2009) Law text · (c)
• Pub. L. 111–5, §1142(b)(5), struck out "30(b)(3)," after "sections 26(a),". (American Recovery and Reinvestment Act of 2009) Law text · (c)
• Pub. L. 111–5, §1012(a)(1), substituted "($70,950 in the case of taxable years beginning in 2009)" for "($69,950 in the case of taxable years beginning in 2008)". (American Recovery and Reinvestment Act of 2009) Law text · (d)
• Pub. L. 111–5, §1012(a)(2), substituted "($46,700 in the case of taxable years beginning in 2009)" for "($46,200 in the case of taxable years beginning in 2008)". (American Recovery and Reinvestment Act of 2009) Law text · (d)

2008

• Pub. L. 110–246, §15311(b), added par. (4). (Food, Conservation, and Energy Act of 2008) Law text · (b)
• Pub. L. 110–343, §102(a)(1), substituted "($69,950 in the case of taxable years beginning in 2008)" for "($66,250 in the case of taxable years beginning in 2007)". (Emergency Economic Stabilization Act of 2008) Law text · (d)
• Pub. L. 110–343, §102(a)(2), substituted "($46,200 in the case of taxable years beginning in 2008)" for "($44,350 in the case of taxable years beginning in 2007)". (Emergency Economic Stabilization Act of 2008) Law text · (d)

2007

• Pub. L. 110–166, §2(a)(1), substituted "($66,250 in the case of taxable years beginning in 2007)" for "($62,550 in the case of taxable years beginning in 2006)". (Tax Increase Prevention Act of 2007) Law text · (d)
• Pub. L. 110–166, §2(a)(2), substituted "($44,350 in the case of taxable years beginning in 2007)" for "($42,500 in the case of taxable years beginning in 2006)". (Tax Increase Prevention Act of 2007) Law text · (d)

2006

• Pub. L. 109–222, §301(a)(1), substituted "$62,550 in the case of taxable years beginning in 2006" for "$58,000 in the case of taxable years beginning in 2003, 2004, and 2005". (Tax Increase Prevention and Reconciliation Act of 2005) Law text · (d)
• Pub. L. 109–222, §301(a)(2), substituted "$42,500 in the case of taxable years beginning in 2006" for "$40,250 in the case of taxable years beginning in 2003, 2004, and 2005". (Tax Increase Prevention and Reconciliation Act of 2005) Law text · (d)

2005

• Pub. L. 109–58, §1302(b), which directed amendment of par. (1) by inserting "45(e)(11)(C)," after "section" in last sentence, was executed by making the insertion after "section" the first place it appeared in last sentence, to reflect the probable intent of Congress. (Energy Policy Act of 2005) Law text · (c)
• Pub. L. 109–135, §403(h), substituted "regular tax liability" for "regular tax". (Gulf Opportunity Zone Act of 2005) Law text · (c)
• Pub. L. 109–58, §1342(b)(3), which directed amendment of par. (2) by inserting "30C(d)(2)," after "30B(g)(2),", was repealed by Pub. L. 109–135, §412(p)(3). (Energy Policy Act of 2005) Law text · (c)
• Pub. L. 109–58, §1341(b)(3), which directed amendment of par. (2) by inserting "30B(g)(2)," after "30(b)(2),", was repealed by Pub. L. 109–135, §412(p)(2). (Energy Policy Act of 2005) Law text · (c)
• Pub. L. 109–135, §412(p)(1), inserted "30B(g)(2), 30C(d)(2)," after "30(b)(3),". (Gulf Opportunity Zone Act of 2005) Law text · (c)
• Pub. L. 109–58, §1322(a)(3)(H), struck out "29(b)(6)," after "26(a),". (Energy Policy Act of 2005) Law text · (c)

2004

• Pub. L. 108–311, §406(d), substituted "an amount equal to the excess described in" for "the amount on which a tax is determined under". (Working Families Tax Relief Act of 2004) Law text · (b)
• Pub. L. 108–357 added par. (2) and redesignated former par. (2) as (3). (American Jobs Creation Act of 2004) Law text · (c), (3)
• Pub. L. 108–311, §103(a), substituted "2003, 2004, and 2005" for "2003 and 2004". (Working Families Tax Relief Act of 2004) Law text · (d), (B)

2003

• Pub. L. 108–27, §301(b)(2), struck out first sentence of concluding provisions which read as follows: "In the case of taxable years beginning after December 31, 2000, rules similar to the rules of section 1(h)(2) shall apply for purposes of subparagraphs (B) and (C)." (Jobs and Growth Tax Relief Reconciliation Act of 2003) Law text · (b)
• Pub. L. 108–27, §301(a)(1), substituted "5 percent (0 percent in the case of taxable years beginning after 2007)" for "10 percent". (Jobs and Growth Tax Relief Reconciliation Act of 2003) Law text · (b)
• Pub. L. 108–27, §301(a)(2)(B), substituted "15 percent" for "20 percent". (Jobs and Growth Tax Relief Reconciliation Act of 2003) Law text · (b)
• Pub. L. 108–27, §106(a)(1), substituted "$58,000 in the case of taxable years beginning in 2003 and 2004" for "$49,000 in the case of taxable years beginning in 2001, 2002, 2003, and 2004". (Jobs and Growth Tax Relief Reconciliation Act of 2003) Law text · (d)
• Pub. L. 108–27, §106(a)(2), substituted "$40,250 in the case of taxable years beginning in 2003 and 2004" for "$35,750 in the case of taxable years beginning in 2001, 2002, 2003, and 2004". (Jobs and Growth Tax Relief Reconciliation Act of 2003) Law text · (d)

2001

• Pub. L. 107–16, §701(a)(1), substituted "$45,000 ($49,000 in the case of taxable years beginning in 2001, 2002, 2003, and 2004)" for "$45,000". (Economic Growth and Tax Relief Reconciliation Act of 2001) Law text · (d)
• Pub. L. 107–16, §701(b)(1), struck out "and" at end. (Economic Growth and Tax Relief Reconciliation Act of 2001) Law text · (d)
• Pub. L. 107–16, §701(a)(2), substituted "$33,750 ($35,750 in the case of taxable years beginning in 2001, 2002, 2003, and 2004)" for "$33,750". (Economic Growth and Tax Relief Reconciliation Act of 2001) Law text · (d)
• Pub. L. 107–16, §701(b)(1), added subpars. (C) and (D) and struck out former subpar. (C) which read as follows: "$22,500 in the case of— (Economic Growth and Tax Relief Reconciliation Act of 2001) Law text · (d), (D)
• Pub. L. 107–16, §701(b)(3), in concluding provisions, substituted "paragraph (1)(C)" for "paragraph (1)(C)(i)" and "the minimum amount of such income (as so determined) for which the exemption amount under paragraph (1)(C) is zero, or (ii) such exemption amount (determined without r… (Economic Growth and Tax Relief Reconciliation Act of 2001) Law text · (d)
• Pub. L. 107–16, §701(b)(2), substituted "subparagraph (C) or (D) of paragraph (1)" for "paragraph (1)(C)". (Economic Growth and Tax Relief Reconciliation Act of 2001) Law text · (d)

1998

• Pub. L. 105–206, §6005(d)(2), reenacted par. heading without change and amended text of par. (3) generally. Prior to amendment, text read as follows: "The amount determined under the first sentence of paragraph (1)(A)(i) shall not exceed the sum of— (Internal Revenue Service Restructuring and Reform Act of 1998) Law text · (b)
• Pub. L. 105–206, §6006(a), reenacted par. heading without change and amended text of par. (1) generally. Prior to amendment, text read as follows: "The tentative minimum tax of a corporation shall be zero for any taxable year if— (Internal Revenue Service Restructuring and Reform Act of 1998) Law text · (e)

1997

• Pub. L. 105–34, §311(b)(2)(A), substituted "this subsection" for "clause (i)". (Taxpayer Relief Act of 1997) Law text · (b)
• Pub. L. 105–34, §311(b)(1), added par. (3). (Taxpayer Relief Act of 1997) Law text · (b)
• Pub. L. 105–34, §1601(f)(1)(C), substituted "Puerto Rico" for "Puerto Rican". (Taxpayer Relief Act of 1997) Law text · (c)
• Pub. L. 105–34, §401(a), added subsec. (e). (Taxpayer Relief Act of 1997) Law text · (e)

1996

• Pub. L. 104–188, §1601(b)(2)(A), substituted ", the section 936 credit allowable under section 27(b), and the Puerto Rican economic activity credit under section 30A" for "and the section 936 credit allowable under section 27(b)". (Small Business Job Protection Act of 1996) Law text · (c)
• Pub. L. 104–188, §1401(b)(3), struck out "shall not include any tax imposed by section 402(d) and" before "shall not include any increase in tax under section 49(b)". (Small Business Job Protection Act of 1996) Law text · (c)
• Pub. L. 104–188, §1205(d)(6), struck out "28(d)(2)," after "26(a),". (Small Business Job Protection Act of 1996) Law text · (c)

1993

• Pub. L. 103–66, §13203(a), amended heading and text of par. (1) generally. Prior to amendment, text read as follows: "The tentative minimum tax for the taxable year is— · (b)
• Pub. L. 103–66, §13203(b), substituted "$45,000" for "$40,000" in subpar. (A), "$33,750" for "$30,000" in subpar. (B), and "$22,500" for "$20,000" in subpar. (C). · (d)
• Pub. L. 103–66, §13203(c)(1), substituted "$165,000 or (ii) $22,500" for "$155,000 or (ii) $20,000" in last sentence. · (d)

1992

• Pub. L. 102–318 substituted "402(d)" for "402(e)". · (c)
• Pub. L. 102–486 substituted "29(b)(6), 30(b)(3)," for "29(b)(5),". · (c)

1990

• Pub. L. 101–508, §11102(a), substituted "24 percent" for "21 percent". · (b)
• Pub. L. 101–508, §11813(b)(5), substituted "section 49(b) or 50(a)" for "section 47". · (c)

1988

• Pub. L. 100–647, §1007(a)(2), inserted at end "If a taxpayer is subject to the regular tax, such taxpayer shall be subject to the tax imposed by this section (and, if the regular tax is determined by reference to an amount other than taxable income, such amount shall be treated as t… · (b)
• Pub. L. 100–647, §1007(a)(1), inserted "and the section 936 credit allowable under section 27(b)" before period at end of first sentence. · (c)
• Pub. L. 100–647, §1002(l)(27), substituted "subsection (j) or (k) of section 42" for "section 42(j)". · (c)
• Pub. L. 100–647, §1007(a)(3), inserted at end "In the case of a taxpayer described in paragraph (1)(C)(i), alternative minimum taxable income shall be increased by the lesser of (i) 25 percent of the excess of alternative minimum taxable income (determined without regard to this sen… · (d)

1986

• Pub. L. 99–514, §252(c), inserted "or section 42(j)". · (c)