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131 STAT. 2092 PUBLIC LAW 115–97—DEC. 22, 2017 (c) EFFECTIVE DATE.—The amendments made by this section shall apply to— (1) levies made after the date of the enactment of this Act, and (2) levies made on or before such date if the 9-month period has not expired under section 6343(b) of the Internal Revenue Code of 1986 (without regard to this section) as of such date. PART VIII—INDIVIDUAL MANDATE SEC. 11081. ELIMINATION OF SHARED RESPONSIBILITY PAYMENT FOR INDIVIDUALS FAILING TO MAINTAIN MINIMUM ESSEN- TIAL COVERAGE. (a) IN GENERAL.—Section 5000A(c) is amended— (1) in paragraph (2)(B)(iii), by striking ‘‘2.5 percent’’ and inserting ‘‘Zero percent’’, and (2) in paragraph (3)— (A) by striking ‘‘$695’’ in subparagraph (A) and inserting ‘‘$0’’, and (B) by striking subparagraph (D). (b) EFFECTIVE DATE.—The amendments made by this section shall apply to months beginning after December 31, 2018. Subtitle B—Alternative Minimum Tax SEC. 12001. REPEAL OF TAX FOR CORPORATIONS. (a) IN GENERAL.—Section 55(a) is amended by striking ‘‘There’’ and inserting ‘‘In the case of a taxpayer other than a corporation, there’’. (b) CONFORMING AMENDMENTS.— (1) Section 38(c)(6) is amended by adding at the end the following new subparagraph: ‘‘(E) CORPORATIONS.—In the case of a corporation, this subsection shall be applied by treating the corporation as having a tentative minimum tax of zero.’’. (2) Section 53(d)(2) is amended by inserting ‘‘, except that in the case of a corporation, the tentative minimum tax shall be treated as zero’’ before the period at the end. (3)(A) Section 55(b)(1) is amended to read as follows: ‘‘(1) AMOUNT OF TENTATIVE TAX.— ‘‘(A) IN GENERAL.—The tentative minimum tax for the taxable year is the sum of— ‘‘(i) 26 percent of so much of the taxable excess as does not exceed $175,000, plus ‘‘(ii) 28 percent of so much of the taxable excess as exceeds $175,000. The amount determined under the preceding sentence shall be reduced by the alternative minimum tax foreign tax credit for the taxable year. ‘‘(B) TAXABLE EXCESS.—For purposes of this subsection, the term ‘taxable excess’ means so much of the alternative minimum taxable income for the taxable year as exceeds the exemption amount. ‘‘(C) MARRIED INDIVIDUAL FILING SEPARATE RETURN.— In the case of a married individual filing a separate return, 26 USC 5000A note. 26 USC 5000A. 26 USC 6343 note. VerDate Sep 11 2014 10:09 Oct 18, 2018 Jkt 079139 PO 00097 Frm 00040 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL097.115 PUBL097 dkrause on DSKBC28HB2PROD with PUBLAWS