# Prop. Treas. Reg. § 1.56A-10: AFSI adjustments for cooperatives.

Proposed regulation, not in force. REG-112129-23, 89 FR 75062, published 2024-09-13 <https://www.federalregister.gov/documents/2024/09/13/2024-20089/corporate-alternative-minimum-tax-applicable-after-2022>. Interprets 26 U.S.C. § 56A.

Par. 9. Sections 1.56A-0 through 1.56A-27 are added to read as follows:

(a) Overview. This section provides rules under section 56A(c)(7) of the Code for adjusting the AFSI of a cooperative.

(b) AFSI adjustments for cooperatives. In the case of a cooperative to which section 1381 of the Code applies, the AFSI of the cooperative is reduced by the amounts referred to in section 1382(b) of the Code and the regulations under section 1382(b) (relating to patronage dividends and per-unit retain allocations), but only to the extent such amounts were not otherwise taken into account in determining the AFSI of the cooperative.

(c) Applicability date. This section applies to taxable years ending after September 13, 2024.