Average annual adjusted financial statement income test
For purposes of this subsection—
(i)#
a corporation meets the average annual adjusted financial statement income test for a taxable year if the average annual adjusted financial statement income of such corporation (determined without regard to section 56A(d)) for the 3-taxable-year period ending with such taxable year exceeds $1,000,000,000, and
(ii)#
in the case of a corporation described in paragraph (2), such corporation meets the average annual adjusted financial statement income test for a taxable year if—
(I) the corporation meets the requirements of clause (i) for such taxable year (determined after the application of paragraph (2)), and
(II) the average annual adjusted financial statement income of such corporation (determined without regard to the application of paragraph (2) and without regard to section 56A(d)) for the 3-taxable-year-period ending with such taxable year is $100,000,000 or more.
(ii)(I)#
the corporation meets the requirements of clause (i) for such taxable year (determined after the application of paragraph (2)), and
(ii)(II)#
the average annual adjusted financial statement income of such corporation (determined without regard to the application of paragraph (2) and without regard to section 56A(d)) for the 3-taxable-year-period ending with such taxable year is $100,000,000 or more.