TITLE 26. INTERNAL REVENUE CODE § 59A. Tax on base erosion payments of taxpayers with substantial gross receipts, 26 USCS § 59A


(a) Imposition of tax. There is hereby imposed on each applicable taxpayer for any taxable year a tax equal to the base erosion minimum tax amount for the taxable year. Such tax shall be in addition to any other tax imposed by this subtitle [26 USCS §§ 1 et seq.].
(b) Base erosion minimum tax amount. For purposes of this section—
(1) In general. Except as provided in paragraphs (2) and (3), the term “base erosion minimum tax amount” means, with respect to any applicable taxpayer for any taxable year, the excess (if any) of—
(A) an amount equal to 10 percent (5 percent in the case of taxable years beginning in calendar year 2018) of the modified taxable income of such taxpayer for the taxable year, over
(B) an amount equal to the regular tax liability (as defined in section 26(b) [26 USCS § 26(b)]) of the taxpayer for the taxable year, reduced (but not below zero) by the excess (if any) of—
(i) the credits allowed under this chapter [26 USCS §§ 1 et seq.] against such regular tax liability, over