PUBLIC LAW 97-248—SEPT. 3, 1982
96 STAT. 419
inserting in lieu thereof ", and", and by adding at the end thereof the following new paragraph: "(25) for amounts allowed as deductions under section 58(i) (relating to optional 10-year writeoff of certain tax preferences)." (c) CONFORMING AMENDMENTS.—
(1) Section 56 (relating to corporate minimum tax) is 26 USC 56. amended— (A) by striking out "person" each place it appears and inserting in lieu thereof "corporation", (B) by striking out "one-half (or in the case of a corporation, an amount equal to)" in subsection (c), (C) by striking out "sections 72(m)(5)(B), 402(e), 408(f), 531, and 541" in subsection (c) and inserting in lieu thereof "sections 531 and 541" (D) by striking out "31, 39, 43, and 440" in subsection (c) 95 Stat. 293. and inserting in lieu thereof "39 and 44G", and (E) by striking out the section heading and inserting in lieu thereof the following: "SEC. 56. CORPORATE MINIMUM TAX."
(2) The table of sections for part IV of subchapter A of chapter 1 is amended by striking out the item relating to section 56 and inserting in lieu thereof the following: "Sec. 56. Corporate minimum tax."
(3) Section 58 (relating to rules for application of minimum taxes) is amended— (A) by striking out subsection (a), (B) by striking out subsection (c) and inserting in lieu thereof the following: "(c) ESTATES AND TRUSTS.—In the case of an estate or trust, the items of tax preference for any taxable year shall be apportioned between the estate or trust and the beneficiaries in accordance with regulations prescribed by the Secretary.", and (C) in subsection (g)— (i) by striking out "paragraphs (6) and" in paragraph (1) and inserting in lieu thereof "paragraph", and (ii) by striking out so much of paragraph (2) as precedes the last two sentences thereof and inserting in lieu thereof the following: "(2) CAPITAL GAINS.—For purposes of section 56, the items of tax preference set forth in section 57(a)(9) which are attributable to sources within any foreign country or possession of the United States shall not be taken into account if preferential treatment is not accorded gain from the sale or exchange of capital assets (or property treated as capital assets)." (4) Section 5(a)(4) is amended by striking out "sections 55 and 56" and inserting in lieu thereof "section 55". (5) Section 511(d)(2) is amended by striking out "and section 56 (as the case may be)". (6) Subparagraph (A) of section 897(a)(2) (relating to 20-percent minimum tax on nonresident alien individuals) is amended to read as follows: "(A) IN GENERAL.—In the case of any nonresident alien individual, the amount determined under section 55(a)(l)
26 USC 58.
26 USC 5. 26 USC 511. 26 USC 897.
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