The amount of a taxpayer's general business credit for any tax year is limited to the amount by which the taxpayer's net income tax exceeds the greater of:
A) The taxpayer's tentative minimum tax for the tax year or 25 percent of the amount by which the taxpayer's net regular tax liability exceeds $25,000
B) The taxpayer's tentative minimum tax for the tax year or 15 percent of the amount by which the taxpayer's net regular tax liability exceeds $25,000
C) The taxpayer's alternative minimum tax for the tax year or 25 percent of the amount by which the taxpayer's net regular tax liability exceeds $15,000
D) The taxpayer's alternative minimum tax for the tax year or 15 percent of the amount by which the taxpayer's net regular tax liability exceeds $15,000
E) None of the above
Correct Answer:
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