C corporations are subject to a positive AMT adjustment equal to 75% of the excess of ACE over AMTI before the ACE adjustment.

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This statement is true. C corporations are subject to a positive Alternative Minimum Tax (AMT) adjustment equal to 75% of the excess of Adjusted Current Earnings (ACE) over Alternative Minimum Taxable Income (AMTI) before the ACE adjustment. This adjustment is intended to limit the use of certain tax benefits that may reduce a corporation's regular tax liability but not its AMT liability.

C Corporations Are Subject to a Positive AMT Adjustment Equal