# Prop. Treas. Reg. § 1.56A-14: AFSI adjustments for tax-exempt entities.

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)(12) of the Code for adjusting the AFSI of tax-exempt entities.

(b) AFSI adjustments for tax-exempt entities. In the case of an organization subject to tax under section 511 of the Code, AFSI is adjusted to take into account only the AFSI (if any) of an unrelated trade or business (as defined in section 513 of the Code) of such organization, subject to the modifications to unrelated business taxable income described in section 512(b) of the Code. AFSI determined under the preceding sentence includes any unrelated debt-financed income determined under section 514 of the Code. See section 512(b)(4).

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