What are the unique considerations for the alternative minimum tax credit in specialized industries?

This exemption is not available to tax exempt entities that are not liable for excise taxes on transportation fuel. For more information, see the IRS ... To obtain information about the tax credits, click on the links listed below. ... Bank Franchise Tax Credit. BJI, Brownfield Jobs and Investment Credit. BPT ... Dec 23, 2024 ... General Tax Information · Tax ... Some kinds of income and tax deductions are deductible for the regular income tax but not under AMT rules. Sep 14, 2023 ... Next, remove certain tax breaks, such as your deductions for state, local, and property taxes. Then, subtract your AMT exemption (if eligible), ... This publication provides general information about school tax credits for individuals. For complete details, refer to the Arizona Revised Statutes. See Form CT-1041, Schedule I for information and filing requirements for the Connecticut alternative minimum tax ... Credit for Alternative Minimum Tax Paid to ... The Inflation Reduction Act's prevailing wage and apprenticeship provisions apply to the: Alternative Fuel Refueling Property Credit; Production Tax Credit ... Mar 21, 2025 ... ... Alternative Minimum Taxable Income (AMTI) after accounting for the AMT exemption amount. ... The information provided is for informational ... Nov 4, 2024 ... If you make more than the AMT exemption amount, you need to calculate both your ordinary income tax and AMT and pay the higher of the two. With ... Oct 29, 2024 ... This week we highlight potential election implications of municipal securities subject to the Alternative Minimum Tax (AMT).