certain items defined under Section 57 of the Internal Revenue Code that may result in the imposition of the alternative minimum tax (AMT). These items of otherwise exempt income or deductions or of special tax benefit were targeted to ensure that taxpayers who benefit should pay at least a minimum amount of tax. Items include tax-exempt interest on nonessential municipal bonds and contributions of appreciated property.

certain items defined under Section 57 of the Internal Revenue Code that may result in the imposition of the alternative minimum tax (AMT). These items of otherwise exempt income or deductions or of special tax benefit were targeted to ensure that taxpayers who benefit should pay at least a minimum amount of tax. Items include tax-exempt interest on nonessential municipal bonds and contributions of appreciated property.