26 U.S.C. § 26
Limitation based on tax liability; definition of tax liability
United States · Title 26 — INTERNAL REVENUE CODE · Status: effective
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- Citation
- 26 U.S.C. § 26, Limitation based on tax liability; definition of tax liability, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/462040
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Full text
The aggregate amount of credits allowed by this subpart for the taxable year shall not exceed the sum of—
For purposes of this part—
The term “regular tax liability” means the tax imposed by this chapter for the taxable year.
For purposes of paragraph (1), any tax imposed by any of the following provisions shall not be treated as tax imposed by this chapter:
For purposes of this part, the term “tentative minimum tax” means the amount determined under section 55(b)(1).
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Deficit Reduction Act of 1984House: no recorded tallySenate: no recorded tally
- Superfund Amendments and Reauthorization Act of 1986House: no recorded tallySenate: no recorded tally
- Tax Reform Act of 1986House: no recorded tallySenate: no recorded tally
- Technical and Miscellaneous Revenue Act of 1988House: no recorded tallySenate: no recorded tally
- Omnibus Budget Reconciliation Act of 1989House: no recorded tallySenate: 87–7
- Small Business Job Protection Act of 1996
- Taxpayer Relief Act of 1997
- Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999
- Ticket to Work and Work Incentives Improvement Act of 1999
- Consolidated Appropriations Act, 2001
- Economic Growth and Tax Relief Reconciliation Act of 2001
- A bill to amend the Internal Revenue Code of 1986 to rename the education individual retirement accounts as the Coverdell education savings account.House: no recorded tallySenate: no recorded tally
- Job Creation and Worker Assistance Act of 2002House: 216–214Senate: no recorded tally
- Working Families Tax Relief Act of 2004
- Gulf Opportunity Zone Act of 2005House: 415–4Senate: no recorded tally
- Tax Increase Prevention and Reconciliation Act of 2005
- Tax Increase Prevention Act of 2007
- Tax Technical Corrections Act of 2007House: no recorded tallySenate: no recorded tally
- Housing and Economic Recovery Act of 2008
- A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.
- American Recovery and Reinvestment Act of 2009
- Patient Protection and Affordable Care Act
- Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010House: 277–148Senate: no recorded tally
- American Taxpayer Relief Act of 2012
- Tax Increase Prevention Act of 2014
- An act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018.
- Consolidated Appropriations Act, 2018House: 256–167Senate: no recorded tally
- American Rescue Plan Act of 2021