Income limitation
(A) In general
(A)In general#
The amount allowable as a credit under subsection (a) for any taxable year (determined without regard to subsection (c)) shall be reduced (but not below zero) by an amount which bears the same ratio to the amount so allowable (determined without regard to this paragraph but with regard to paragraph (1)) as—
(i) the amount (if any) by which the taxpayer’s adjusted gross income exceeds $150,000, bears to
(ii) $40,000.
(A)(i)#
the amount (if any) by which the taxpayer’s adjusted gross income exceeds $150,000, bears to
(A)(ii)#
$40,000.
(B)Determination of adjusted gross income#
For purposes of subparagraph (A), adjusted gross income shall be determined without regard to sections 911, 931, and 933.