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26 U.S.C. § 53

Credit for prior year minimum tax liability

United States · Title 26 — INTERNAL REVENUE CODE · Status: effective

Taxation
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26 U.S.C. § 53, Credit for prior year minimum tax liability, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/462124
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Full text

There shall be allowed as a credit against the tax imposed by this chapter for any taxable year an amount equal to the minimum tax credit for such taxable year. For purposes of subsection (a), the minimum tax credit for any taxable year is the excess (if any) of— The credit allowable under subsection (a) for any taxable year shall not exceed the excess (if any) of— For purposes of this section— The term “net minimum tax” means the tax imposed by section 55. The adjusted net minimum tax for any taxable year is— The following are specified in this clause— In the case of a corporation— The term “tentative minimum tax” has the meaning given to such term by section 55(b). In the case of a corporation—

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.