Comment from New York State Bar Association Tax Section
New York State Bar Association Tax SectionSupportAdvocacy
Summary: The New York State Bar Association (NYSBA) Tax Section submitted a report providing specific technical recommendations and critiques regarding the proposed regulations for the Corporate Alternative Minimum Tax (CAMT). While they express concerns about the extreme complexity of the proposed framework, they offer numerous detailed suggestions to improve accuracy, consistency, and administrability in the final rules.
Please see attached the NYSBA Tax Section report No 1506 commenting on the proposed regulations on corporate alternative minimum tax. We appreciate your consideration of our report.