section by treating $1,000 of these 1986 investment tax credits as carried back and used to reduce non-preference regular tax liability for 1985. Pursuant to the rules of this section, all of these $1,000 of credits are freed-up credits. Non-beneficial preferences are $6,667 ($1,000 grossed up at a 15 percent regular tax rate). Beneficial preferences are $18,333 ($25,000 minus $6,667). Minimum tax on all preferences would be $2,250 (($25,000 minus $10,000) multiplied by .15); minimum tax on beneficial preferences would be $1,250 (($18,333 minus $10,000) multiplied by .15). Minimum tax attributable to the non-beneficial preferences is thus $1,000 ($2,250 minus $1,250), which is the credit reduction amount. E thus reduces the $1,000 of credits carried back to 1985 to zero. Under the rules of this section, the amount of minimum tax due for 1985 is redetermined. It is equal to the minimum tax on beneficial preferences, which, as described above, is $1,250. Because E paid minimum tax of $2,250 in 1985, E files a claim for credit or refund for $1,000 of the minimum tax paid in 1985. (f) Treatment of net operating losses. [Reserved] [T.D. 8416, 57 FR 19255, May 5, 1992; 57 FR 24848, June 11, 1992] §§ 1.59-1.60 [Reserved] FINDING AIDS A list of CFR titles, subtitles, chapters, subchapters and parts and an alphabetical list of agencies publishing in the CFR are included in the CFR Index and Finding Aids volume to the Code of Federal Regulations which is published separately and revised annually. Table of CFR Titles and Chapters Alphabetical List of Agencies Appearing in the CFR Table of OMB Control Numbers List of CFR Sections Affected I II III IV I Table of CFR Titles and Chapters (Revised as of March 12, 1994) Title 1-General Provisions Administrative Committee of the Federal Register (Parts 1-49) Administrative Conference of the United States (Parts 300-399) Title 2-(Reserved) Title 3-The President Executive Office of the President (Parts 100-199) Title 4-Accounts I General Accounting Office (Parts 1-99) II II Federal Claims Collection Standards (General Accounting Office Department of Justice) (Parts 100-299) Title 5-Administrative Personnel I Office of Personnel Management (Parts 1—1199) III IV V The International Organizations Employees Loyalty Board (Parts 1500-1599) VI Federal Retirement Thrift Investment Board (Parts 1600-1699) VII Advisory Commission on Intergovernmental Relations (Parts 1700-1799) VIII IX XI XIV XV XVI Office of Special Counsel (Parts 1800-1899) Appalachian Regional Commission (Parts 1900—1999) Armed Forces Retirement Home [Reserved] Federal Labor Relations Authority, General Counsel of the Federal Labor Relations Authority and Federal Service Impasses Panel (Parts 2400-2499) Office of Administration, Executive Office of the President (Parts 2500-2599) Office of Government Ethics (Parts 2600-2699) XXII Federal Deposit Insurance Corporation (Part 3202) Chap. XXVI XXXIII XL XLI XLVI XLVII LXIII I II III IV V VI VII VIII IX X ΧΙ XIV XV XVI XVII XVIII XXI Department of Defense (Part 3601) Overseas Private Investment Corporation (Part 4301) Federal Trade Commission (Part 5701) Title 6-(Reserved) Title 7-Agriculture SUBTITLE A-Office of the Secretary of Agriculture (Parts 0—26) SUBTITLE B-Regulations of the Department of Agriculture Agricultural Marketing Service (Standards, Inspections, Marketing Practices), Department of Agriculture (Parts 27-209) Food and Nutrition Service, Department of Agriculture (Parts 210-299) Animal and Plant Health Inspection Service, Department of Agriculture (Parts 300-399) Federal Crop Insurance Corporation, Department of Agriculture (Parts 400-499) Agricultural Research Service, Department of Agriculture (Parts 500-599) Soil Conservation Service, Department of Agriculture (Parts 600-699) Agricultural Stabilization and Conservation Service (Agricultural Adjustment), Department of Agriculture (Parts 700—799) Federal Grain Inspection Service, Department of Agriculture (Parts 800-899) Agricultural Marketing Service (Marketing Agreements and Orders; Fruits, Vegetables, Nuts), Department of Agriculture (Parts 900-999) Agricultural Marketing Service (Marketing Agreements and Orders; Milk), Department of Agriculture (Parts 1000—1199) Agricultural Marketing Service (Marketing Agreements and Orders; Miscellaneous Commodities), Department of Agriculture (Parts 1200-1299) Commodity Credit Corporation, Department of Agriculture (Parts 1400-1499) Foreign Agricultural Service, Department of Agriculture (Parts 1500-1599) Rural Telephone Bank, Department of Agriculture (Parts 1600— 1699) Rural Electrification Administration, Department of Agriculture (Parts 1700-1799) Farmers Home Administration, Department of Agriculture (Parts 1800-2099) Foreign Economic Development Service, Department of Agriculture (Parts 2100-2199) |