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    3                                                                                                                           NEAR FINAL DRAFT 8/1/24                                                                                                                                        3
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    6                                                                                                                                                                                                                                                         *244411*                         6
    7                                                                                                                                                                                                                                                                                          7
           AMTI  Alternative2024         Minimum Tax                                    ,
    8                                                                                                                                                                                                                                                                                          8
    9      Calculation of Income                                                                                                                                                                                                                                                               9
    10                                                                                                                                                                                                                                                                                         10
    11 NAME OF CORPORATIONXXXXXXXXXXXXXXXXXXXX                                                                                                                         123456789                               123456789                                                                       11
    12   Name of Corporation/Designated Filer                                                                                                                          FEIN                                    Minnesota Tax ID Number                                                         12
    13                                                                                                                                                                                                                                                               You must round amounts    13
    14                                                                                                                                                                                                                                                               to nearest whole dollar.  14
    15                                                                                                                                                                                                                                                                                         15
    16                 1  Minnesota net income (from M4I, line 7)   . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . 1                                                                      123456789                 16
    17                 2                         Adjustments and preferences                                                                                                                                                                                                                   17
    18                                           a Depreciation of post-1986 property                          . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . .                  2a     123456789                 18
    19                                                                                                                                                                                                                                                                                         19
    20                     b Amortization of certified pollution control facilities   . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . 2b                                                                           123456789                 20
    21                                                                                                                                                                                                                                                                                         21
    22                     c Amortization of mining exploration and development costs  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .                                                                                   2c     123456789                 22
    23                                                                                                                                                                                                                                                                                         23
    24                     d Amortization of circulation expenditures (personal holding companies only)    . . .  . . . . . .  . . . . .  . . . . . .  . . .  . 2d                                                                                                   123456789                 24
    25                                                                                                                                                                                                                                                                                         25
    26                     e Adjusted gain or loss                                                  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . . 2e     123456789                 26
    27                                                                                                                                                                                                                                                                                         27
    28                     f Long-term contracts    .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .                                                2f     123456789                 28
    29                                                                                                                                                                                                                                                                                         29
    30                                           g Merchant marine capital construction funds   . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . 2g                                                    123456789                 30
    31                                                                                                                                                                                                                                                                                         31
    32                                           hSection        deduction833(b)                   (Blue Cross, Blue Shield, and similar type organizations only)                  . . .  . . . . . .  . . . . . . 2h  .                                             123456789                 32
    33                                                                                                                                                                                                                                                                                         33
    34                                           i Tax shelter farm activities (personal service corporations only)  .  . . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . 2i                                                           123456789                 34
    35                                                                                                                                                                                                                                                                                         35
    36                     j Passive activities (closely held corporations and personal service corporations only)   . . .  . . . . .  . . . . . .  . . . . .  . 2j                                                                                                  123456789                 36
    37                                                                                                                                                                                                                                                                                         37
    38                     k Loss limitations . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  .                                         2k     123456789                 38
    39                                                                                                                                                                                                                                                                                         39
    40                     l Intangible drilling costs . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . . 2l                                                  123456789                 40
    41                                                                                                                                                                                                                                                                                         41
    42                     m Other adjustments and preferences  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . 2m                                                                     123456789                 42
    43                                                                                                                                                                                                                                                                                         43
    44                 3  Pre-adjustment alternative minimum taxable income. Combine lines 1 through 2m   . . . . .  . . . . . .  . . . . . .  . . . .  .                                                                                                     3      123456789                 44
    45                                                                                                                                                                                                                                                                                         45
    46                  4                        Adjusted current earnings (ACE) adjustment                                                                                                                                                                                                    46
    47                                           a  ACE from line 9 of the ACE worksheet                       . . .  . . . . . .  . . . . .  . . . . . .  . . . . . . 4a   123456789                                                                                                          47
    48                                           b  Subtract line 3 from line 4a. If line 3 exceeds line 4a,                                                                                                                                                                                   48
    49                                             enter the difference as a negative amount. (See instructions)  . . .  . . . .  .4b                                       123456789                                                                                                          49
    50                                                                                                                                                                                                                                                                                         50
    51                                           c  Multiply line 4b by 75% (0.75). Enter the result as a positive amount .  .4c                                            123456789                                                                                                          51
    52                                           d  Enter the excess, if any, of the corporation’s total increases in                                                                                                                                                                          52
    53                                             AMTI from prior year ACE adjustments over its total reductions in                                                                                                                                                                           53
    54                                             AMTI from prior year ACE adjustments. See instructions.   . . . . .  . . . . .                                      4d   123456789                                                                                                          54
    55                                             Note: You must enter an amount on line 4d (even if line 4b is positive)                                                                                                                                                                     55
    56                                           e  ACE adjustment                                                                                                                                                                                                                             56
                         
    57                                                           • If line 4b is zero or more, enter the amount from line 4c                                                                                                                                                                   57
    58                                                           • If line 4b is less than zero, enter the smaller of line 4c or line 4d as a negative amount  . . . .  . . . . .  . . . . .  .4e                                                                    123456789                 58
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  2 4  6               8                         10   12  14 16  18  20 22  24  26  28  30 32  34  36 38  40     42  44  46                                                       48  50 52  54  56 58  60  62 64  66     68  70 72  74  76 78  80 82  84  86
    3                                                                                                 NEAR FINAL DRAFT 8/1/24                                                                                                                      3
    4                                                                                                                                                                                                                                              4
           AMTI  Alternative2024         Minimum Tax, page 2    ,
    5                                                                                                                                                                                                                                              5
    6                                                                                                                                                                                                                 *244421*                     6
    7                 Calculation of Income                                                                                                                                                                                                        7
    8                                                                                                                                                                                                                                              8
    9  NAME OF CORPORATIONXXXXXXXXXXXXXXXXXXXX                                                                                                                                    123456789                    123456789                           9
    10   Name of Corporation/Designated Filer                                                                                                                                     FEIN                         Minnesota Tax ID Number             10
    11                                                                                                                                                                                                                    You must round amounts   11
    12                                                                                                                                                                                                                    to nearest whole dollar. 12
    13                                                                                                                                                                                                                                             13
    14                5  Combine lines 3 and 4e   . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . . .  . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . .  . 5          123456789                14
    15                                           If result is zero or less, or if $310,000 or more, skip lines 6a and 6b and leave line 6 blank.                                                                                                   15
    16                   If between zero and $310,000, continue on line 6a.                                                                                                                                                                        16
    17                                                                                                                                                                                                                                             17
    18                                           6a   Subtract $150,000 from line 5. If result is zero or less,                                                                                                                                    18
    19                                               leave blank  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .           6a   123456789                                                   19
    20                                                                                                                                                                                                                                             20
    21                                           6b  Multiply line 6a by 25% (0.25)   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 6b   123456789                                                   21
    22                                                                                                                                                                                                                                             22
    23                6  Exemption (subtract line 6b from $40,000)                          . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  .  .6   123456789                23
    24                                                                                                                                                                                                                                             24
    25       7  If line 5 is zero or less, enter amount from line 5.                                                                                                                                                                               25
    26                   If line 5 is more than zero, subtract line 6 from line 5; if result is zero or less, leave blank  . . .  . . . . . .  . . . . .  . . .  7                                                        123456789                26
    27                                                                                                                                                                                                                                             27
    28                8  Total nonapportionable income (from M4I, line 8)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  .  .                              8   123456789                28
    29                                                                                                                                                                                                                                             29
    30       9  Alternative minimum taxable income                                                                                                                                                                                                 30
    31                   (subtract line 8 from line 7)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . .  . 9          123456789                31
    32                                                                                                                                                                                                                                             32
    33                                           Enter amount on AMTT, line 1.                                                                                                                                                                     33
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