taxable excess
Defined in 1 place of the United States Code.
For purposes of clause (i), the term “taxable excess” means so much of the alternative minimum taxable income for the taxable year as exceeds the exemption amount.
Source
- 1994–199726 U.S.C. § 55Internal Revenue Code · Alternative minimum tax imposed · for purposes of this part
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.
Source
- 1997–present26 U.S.C. § 55Internal Revenue Code · Alternative minimum tax imposed · for purposes of this part