Birdwatch Note Rating
2024-03-10 16:55:13 UTC - HELPFUL
Rated by Participant: 6779E0AAD43619714067981E6F9DF2B436D141CED221F34FB770523E966D0259
Participant Details
Original Note:
The Inflation Reduction Act, signed by President Biden in 2022, created the CAMT, which imposes a 15% minimum tax on the on the adjusted financial statement income (AFSI) of large corporations for taxable years beginning after Dec. 31, 2022. https://www.irs.gov/newsroom/irs-clarifies-rules-for-new-corporate-alternative-minimum-tax https://pro.bloombergtax.com/brief/the-inflation-reduction-act-corporate-tax-provisions/
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