Treasury Plans More Preliminary Guidance on Book-Income Tax (1)

The Treasury Department is planning one more piece of preliminary guidance on the corporate book-income minimum tax, an official said Tuesday.

That will be a prelude to a full reproposal of regulations to implement and calculate the corporate alternative minimum tax, expected in late 2026, said Kevin Salinger, deputy assistant secretary for tax policy, speaking at the New York State Bar Association’s annual meeting.

The reproposed regulations will pull together all of the changes to the rules that Treasury has announced since originally proposing the rules in 2024, with an eye toward finalizing the CAMT rule package in 2027, Salinger ...