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us/statute/26/38/c/4 — Special rules for specified credits · Axiom

Special rules for specified credits

(A) In general In the case of specified credits— (i) this section and section 39 shall be applied separately with respect to such credits, and (ii) in applying paragraph (1) to such credits— (I) the tentative minimum tax shall be treated as being zero, and (II) the limitation under paragraph (1) (as modified by subclause (I)) shall be reduced by the credit allowed under subsection (a) for the taxable year (other than the specified credits).

(B) Specified credits For purposes of this subsection, the term “specified credits” means— (i) for taxable years beginning after December 31, 2004 , the credit determined under section 40, (ii) the credit determined under section 41 for the taxable year with respect to an eligible small business (as defined in paragraph (5)(A) after application of the rules of paragraph (5)(B)), (iii) the credit determined under section 42 to the extent attributable to buildings placed in service after December 31, 2007 , (iv) the credit determined under section 45 to the extent that such credit is attributable to electricity or refined coal produced— (I) at a facility which is originally placed in service after the date of the enactment of this paragraph, and (II) during the 4-year period beginning on the date that such facility was originally placed in service, (v) the credit determined under section 45 to the extent that such credit is attributable to section 45(e)(10) (relating to Indian coal production facilities), (vi) the credit determined under section 45B, (vii) the credit determined under section 45G, (viii) the credit determined under section 45R, (ix) the credit determined under section 45S, (x) the credit determined under section 46 to the extent that such credit is attributable to the energy credit determined under section 48, (xi) the credit determined under section 46 to the extent that such credit is attributable to the rehabilitation credit under section 47, but only with respect to qualified rehabilitation expenditures properly taken into account for periods after December 31, 2007 , and (xii) the credit determined under section 51.

in view

Whole section

▸citations (16)

References

This rule cites 16 other rules.

26 USC § 39inferredUS Federal › Statutes › Title 26 › § 39
26 USC § 40inferredUS Federal › Statutes › Title 26 › § 40
26 USC § 41inferredUS Federal › Statutes › Title 26 › § 41
26 USC § 42inferredUS Federal › Statutes › Title 26 › § 42
26 USC § 45inferredUS Federal › Statutes › Title 26 › § 45
26 USC § 45inferredUS Federal › Statutes › Title 26 › § 45
26 USC § 45 (e)(10)inferredUS Federal › Statutes › Title 26 › § 45 › (e)(10)
26 USC § 45BinferredUS Federal › Statutes › Title 26 › § 45B
26 USC § 45GinferredUS Federal › Statutes › Title 26 › § 45G
26 USC § 45RinferredUS Federal › Statutes › Title 26 › § 45R
26 USC § 45SinferredUS Federal › Statutes › Title 26 › § 45S
26 USC § 46inferredUS Federal › Statutes › Title 26 › § 46
26 USC § 48inferredUS Federal › Statutes › Title 26 › § 48
26 USC § 46inferredUS Federal › Statutes › Title 26 › § 46
26 USC § 47inferredUS Federal › Statutes › Title 26 › § 47
26 USC § 51inferredUS Federal › Statutes › Title 26 › § 51

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Special rules for specified credits

Official source

in view

Whole section

▸citations (16)

References

This rule cites 16 other rules.

26 USC § 39inferredUS Federal › Statutes › Title 26 › § 39
26 USC § 40inferredUS Federal › Statutes › Title 26 › § 40
26 USC § 41inferredUS Federal › Statutes › Title 26 › § 41
26 USC § 42inferredUS Federal › Statutes › Title 26 › § 42
26 USC § 45inferredUS Federal › Statutes › Title 26 › § 45
26 USC § 45inferredUS Federal › Statutes › Title 26 › § 45
26 USC § 45 (e)(10)inferredUS Federal › Statutes › Title 26 › § 45 › (e)(10)
26 USC § 45BinferredUS Federal › Statutes › Title 26 › § 45B
26 USC § 45GinferredUS Federal › Statutes › Title 26 › § 45G
26 USC § 45RinferredUS Federal › Statutes › Title 26 › § 45R
26 USC § 45SinferredUS Federal › Statutes › Title 26 › § 45S
26 USC § 46inferredUS Federal › Statutes › Title 26 › § 46
26 USC § 48inferredUS Federal › Statutes › Title 26 › § 48
26 USC § 46inferredUS Federal › Statutes › Title 26 › § 46
26 USC § 47inferredUS Federal › Statutes › Title 26 › § 47
26 USC § 51inferredUS Federal › Statutes › Title 26 › § 51

(B)Specified credits#

For purposes of this subsection, the term “specified credits” means—

(i) for taxable years beginning after December 31, 2004 , the credit determined under section 40,

(ii) the credit determined under section 41 for the taxable year with respect to an eligible small business (as defined in paragraph (5)(A) after application of the rules of paragraph (5)(B)),

(iii) the credit determined under section 42 to the extent attributable to buildings placed in service after December 31, 2007 ,

(iv) the credit determined under section 45 to the extent that such credit is attributable to electricity or refined coal produced— (I) at a facility which is originally placed in service after the date of the enactment of this paragraph, and (II) during the 4-year period beginning on the date that such facility was originally placed in service,

(v) the credit determined under section 45 to the extent that such credit is attributable to section 45(e)(10) (relating to Indian coal production facilities),

(vi) the credit determined under section 45B,

(vii) the credit determined under section 45G,

(viii) the credit determined under section 45R,

(ix) the credit determined under section 45S,

(x) the credit determined under section 46 to the extent that such credit is attributable to the energy credit determined under section 48,

(xi) the credit determined under section 46 to the extent that such credit is attributable to the rehabilitation credit under section 47, but only with respect to qualified rehabilitation expenditures properly taken into account for periods after December 31, 2007 , and

(xii) the credit determined under section 51.

(B)(i)#

for taxable years beginning after December 31, 2004 , the credit determined under section 40,

(B)(ii)#

the credit determined under section 41 for the taxable year with respect to an eligible small business (as defined in paragraph (5)(A) after application of the rules of paragraph (5)(B)),

(B)(iii)#

the credit determined under section 42 to the extent attributable to buildings placed in service after December 31, 2007 ,

(B)(iv)#

the credit determined under section 45 to the extent that such credit is attributable to electricity or refined coal produced—

(I) at a facility which is originally placed in service after the date of the enactment of this paragraph, and

(II) during the 4-year period beginning on the date that such facility was originally placed in service,

(B)(iv)(I)#

at a facility which is originally placed in service after the date of the enactment of this paragraph, and

(B)(iv)(II)#

during the 4-year period beginning on the date that such facility was originally placed in service,

(B)(ix)#

the credit determined under section 45S,

(B)(v)#

the credit determined under section 45 to the extent that such credit is attributable to section 45(e)(10) (relating to Indian coal production facilities),

(B)(vi)#

the credit determined under section 45B,

(B)(vii)#

the credit determined under section 45G,

(B)(viii)#

the credit determined under section 45R,

(B)(x)#

the credit determined under section 46 to the extent that such credit is attributable to the energy credit determined under section 48,

(B)(xi)#

the credit determined under section 46 to the extent that such credit is attributable to the rehabilitation credit under section 47, but only with respect to qualified rehabilitation expenditures properly taken into account for periods after December 31, 2007 , and

(B)(xii)#

the credit determined under section 51.

Special rules for specified credits

Special rules for specified credits

(A)In general#

(A)(i)#

(A)(ii)#

(A)(ii)(I)#

(A)(ii)(II)#

(B)Specified credits#

(B)(i)#

(B)(ii)#

(B)(iii)#

(B)(iv)#

(B)(iv)(I)#

(B)(iv)(II)#

(B)(ix)#

(B)(v)#

(B)(vi)#

(B)(vii)#

(B)(viii)#

(B)(x)#

(B)(xi)#

(B)(xii)#