Birdwatch Note Rating
2024-03-10 15:58:04 UTC - HELPFUL
Rated by Participant: E50C90F5292A8A0462F007791ABB2484A27132E37863E1B9766F99D6439FB000
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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