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Tax Cuts and Jobs Act
Provision 12001
Repeal of Alternative Minimum Tax for Corporations
Overview
Introduction
The Tax Cuts and Jobs Act (TCJA) repealed the Corporate Alternative Minimum (AMT) tax for years beginning
December 31, 2017.
Objectives
At the end of this lesson, you will be able to identify key elements of this provision.
References
• IRC section 55 – Repealed for corporate alternative minimum tax
• News release for corporate tax blended rate due to TCJA. Blended Rate Notice IR-2018-99, issued April 16, 2018
• https://www.irs.gov/newsroom/many-corporations-will-pay-a-blended-federal-income-tax-this-year-under-the-new-tax-
reform-law
73233-102 12001-1 Tax Cuts and Jobs Act
