Initial Guidance Regarding the Application of the Corporate Alternative Minimum Tax under Sections 55, 56A, and 59 of the Internal Revenue Code (Notice 2023-7)

25 organizations filed 28 public comments on Initial Guidance Regarding the Application of the Corporate Alternative Minimum Tax under Sections 55, 56A, and 59 of the Internal Revenue Code (Notice 2023-7), at the Internal Revenue Service. The comment window closed 1226d ago.

Abstract

This notice announces that the Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) intend to issue proposed regulations (forthcoming proposed regulations) addressing the application of the new corporate alternative minimum tax (CAMT), as added to the Internal Revenue Code (Code) by the enactment of § 10101 of Public Law 117-169, 136 Stat. 1818, 1818-1828 (August 16, 2022), commonly referred to as the Inflation Reduction Act of 2022 (IRA).

Commenters (25)

• American Bankers Associationtrade assoc.

  2 filings · confidence 97%
• American Council of Life Insurerstrade assoc.

  2 filings · confidence 85%
• U.S. Chamber of Commerce

  2 filings · confidence 97%
• Alliance for Competitive Taxationtrade assoc.

  1 filing · confidence 85%
• American Benefits Counciltrade assoc.

  1 filing · confidence 85%
• American Chemistry Counciltrade assoc.

  1 filing · confidence 97%
• American Coalition of Global Reinsurerstrade assoc.

  1 filing · confidence 85%
• American Gas Associationtrade assoc.

  1 filing · confidence 97%
• Business Roundtabletrade assoc.

  1 filing · confidence 97%
• Edison Electric Institutetrade assoc.

  1 filing · confidence 97%
• Enbridge (U.S.) Inc.unverified attribution

  1 filing · confidence 70%
• Energy Infrastructure Counciltrade assoc.

  1 filing · confidence 85%
• Evonik Corporation (Kenneth Bittnerunverified attribution

  1 filing · confidence 70%
• Global Business Alliancetrade assoc.

  1 filing · confidence 85%
• Information Technology Industry Counciltrade assoc.

  1 filing · confidence 97%
• Managed Funds Associationtrade assoc.

  1 filing · confidence 85%
• Marathon Oil Corporationunverified attribution

  1 filing · confidence 70%
• National Association of Manufacturers (NAM)trade assoc.

  1 filing · confidence 97%
• New York State Bar Association Tax Sectiontrade assoc.

  1 filing · confidence 85%
• Novo Nordisk Inc.unverified attribution

  1 filing · confidence 70%
• Orsted Wind Power North America LLCunverified attribution

  1 filing · confidence 70%
• S Corporation Associationtrade assoc.

  1 filing · confidence 85%
• The AES Corporationunverified attribution

  1 filing · confidence 70%
• The Goodyear Tire & Rubber Companyunverified attribution

  1 filing · confidence 70%
• UGI Corporationunverified attribution

  1 filing · confidence 70%