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JCSM Shareware Collection 1996 September
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JCSM Shareware Collection (JCS Distribution) (September 1996).ISO
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F144.SBE
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1995-11-05
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707b
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18 lines
@083 CHAP ZZ
┌───────────────────────────────────────────────┐
│ ENVIRONMENTAL TAX ON LARGE CORPORATIONS │
└───────────────────────────────────────────────┘
The federal Internal Revenue Code imposes an environmental
tax on the "alternative minimum taxable income" of certain
large corporations. The tax applies at the rate of 0.12%
on all corporate alternative minimum taxable income of over
$2 million. Note that this this provision is slated to ex-
pire after 1995. However, the Clinton Administration is
supporting an extension of this tax, at least through the
year 2000, and perhaps permanently. (Section 59A of the
Internal Revenue Code of 1986)