Details of Public Law 117-169, section 10101 , Corporate Alternative Minimum Tax

California law conforms, under the Corporation Tax Law (CTL), to the federal AMT as of the “specified date” of 1/1/2015, with modifications, but California does not conform to the changes made to corporate AMT by this section. Additionally, California does not conform to the changes made by this section to rules and adjustments related to net operating losses and credits, etc.

23/24 24/25 25/26 26/27 27/28 $2,100,000,000 $1,100,000,000 $650,000,000 $550,000,000 $650,000,000