Alternative Minimum Tax definition

Alternative Minimum Tax means any excess of tentative minimum tax over the regular income tax.

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Alternative Minimum Tax means the alternative minimum tax imposed under Section 55 of the Code.

Alternative Minimum Tax means the alternative minimum tax imposed ------------------------ under Section 55 of the Code.

Examples of Alternative Minimum Tax in a sentence

• If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis.

• Section 506 of the Tax Extenders and Alternative Minimum Tax Relief Act of 2008 requires our firm, as tax return preparers, to conform to a higher standard than the taxpayer when an undisclosed tax position is related to a tax shelter as defined in IRC §6662(d)(2)(C)(ii), Imposition of Accuracy-Related Penalty on Underpayments, or a reportable transaction to which IRC §6662A, Imposition of Accuracy-Related Penalty on Understatements with Respect to Reportable Transactions, applies.

• The Company also has Alternative Minimum Tax (“AMT”) credit carryforwards of $110 thousand and $60 thousand for federal and state purposes, respectively.

• The United States shall allow a credit against the Alternative Minimum Tax (AMT) for taxes paid to Turkey.

• Municipal securities subject to the Alternative Minimum Tax Calculation are permissible.

More Definitions of Alternative Minimum Tax

Alternative Minimum Tax means the tax imposed on corporations by Section 55 of the Code.

Alternative Minimum Tax means, with respect to such a Member, the amount of the tax imposed by Code Section 55(a) (as determined in accordance with Code Sections 55 through 59, inclusive), excluding any such tax attributable to a sale or other disposition (other than in the ordinary course of business) of any Class C Common Contributed Property (to the extent that at the time of its contribution to the Company its Gross Asset Value differs from its Basis), assuming that such Member has no income, gain, loss, deduction, or other item to be taken into account for federal income tax purposes other than such Member's allocations from the Company.

Alternative Minimum Tax means the tax imposed by Section 55 of the Code.

Alternative Minimum Tax means the tax imposed under 26 U.S.C. §55. A producer would be considered to be subject to the alternative minimum tax for any tax year in which its current federal income tax liability is determined by reference to its tentative minimum taxable income. Generally, a taxpayer would be considered to be subject to the alternative minimum tax for a tax year if there is a minimum tax credit available for carryforward to future years, or if its use of tax credits was limited by reference to its tentative minimum tax.

Alternative Minimum Tax means a tax (or an increased amount of the tax liability) that is due based on an alternative calculation method that might create a tax liability even if the standard calculation does not.

Alternative Minimum Tax means any excess of tentative minimum tax over the regular in- come tax.

Alternative Minimum Tax means any excess of tentative minimum tax over the regular income tax. [PL 2003, c. 673, Pt. JJ, §3 (NEW); PL 2003, c. 673, Pt. JJ, §6 (AFF).]