News and Views for the California Enterprise Zones » Alternative Minimum Tax http://canditax.com/blog From the tax credit experts Mon, 16 Sep 2013 18:26:58 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 Alternative Minimum Tax Update http://canditax.com/blog/?p=260 http://canditax.com/blog/?p=260#comments Fri, 06 Mar 2009 11:05:47 +0000 admin http://blog.canditax.com/?p=260 On February 27, 2009, the California Board of Equalization ruled that Enterprise Zone (“EZ”) tax credits can be used to offset Alternative Minimum Tax (“AMT”).   The BOE held that the FTB misinterpreted a 1993 bill intended to allow taxpayers to use the EZ credits below the AMT.  This means that taxpayers eligible for the EZ credits can reduce their tax obligations even further and seek refunds of AMT paid in previous years.  Here is a link to a summary of the BOE Decision.

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