### Question
How does NORMAL TAXES AND SURTAXES define taxable excess?


### Answer
Under *26 U.S.C. § 55*, **taxable excess** is defined as:

> so much of the alternative minimum taxable income for the taxable year as exceeds the exemption amount

#### Citation:
  - *26 U.S.C. § 55*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART VI-ALTERNATIVE MINIMUM TAX**

