### Question
How is the "allocable parental minimum tax" defined?


### Answer
The term **allocable parental minimum tax** is defined in *26 U.S.C. § 59* as follows -

> the excess of—


(i) the tax which would be imposed by section 55 on the parent if—


(I) the amount of the parent's tentative minimum tax were increased by the aggregate of the tentative minimum taxes of all children of the parent to whom section 1(g) applies, and


(II) the amount of the parent's regular tax were increased by the aggregate of the regular taxes of all children of the parent to whom section 1(g) applies, over


  

(ii) the tax imposed by section 55 on the parent without regard to this subparagraph

#### Citation:
  - *26 U.S.C. § 59*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART VI-ALTERNATIVE MINIMUM TAX**

