A corporation's minimum tax credit can reduce the corporation's future regular tax liability if regular tax liability exceeds tentative minimum tax in that year.

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The minimum tax credit can reduce the corporation's future regular tax liability if regular tax liability exceeds tentative minimum tax in that year. This credit helps to alleviate the burden of the Alternative Minimum Tax (AMT) and provide some relief for corporations that may have previously paid higher taxes.

A Corporation's Minimum Tax Credit Can Reduce the Corporation's Future