### Question
Can you define what net income tax liability means?


### Answer
**Net income tax liability** is defined as the following in *26 U.S.C. § 6428*:

> the excess of—


(A) the sum of the taxpayer's regular tax liability (within the meaning of section 26(b)) and the tax imposed by section 55 for the taxable year, over


(B) the credits allowed by part IV (other than section 24 and subpart C thereof) of subchapter A of chapter 1

#### Citation:
  - *26 U.S.C. § 6428*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 65-ABATEMENTS, CREDITS, AND REFUNDS > Subchapter B-Rules of Special Application**

