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. The Alternative Minimum Tax (AMT) for corporations includes an adjustment called the Adjusted Current Earnings (ACE) adjustment. Under this adjustment, corporations are subject to a positive AMT adjustment equal to 75% of the excess of ACE over Alternative Minimum Taxable Income (AMTI) before the ACE adjustment. This adjustment helps to ensure that corporations pay a minimum level of tax, even if they have significant deductions or other tax benefits that would otherwise reduce their tax liability.

Corporations Are Subject to a Positive AMT Adjustment Equal to 75