Section 1.904(b)-2 - Special rules for application of section 904(b) to alternative minimum tax foreign tax credit(a)Application of section 904(b)(2)(B) adjustments. Section 904(b)(2)(B) shall apply for purposes of determining the alternative minimum tax foreign tax credit under section 59 (regardless of whether or not the taxpayer has made an election under section 59(a)(4)).(b)Use of alternative minimum tax rates - (1)Taxpayers other than corporations. In the case of a taxpayer other than a corporation, for purposes of determining the alternative minimum tax foreign tax credit under section 59-(i) Section 904(b)(3)(D)(i) shall be applied by using the language "section 55(b)(3)" instead of "subsection (h) of section 1";(ii) Section 904(b)(3)(E)(ii)(I) shall be applied by using the language "section 55(b)(1)(A)(i)" instead of "subsection (a), (b), (c), (d), or (e) of section 1 (whichever applies)"; and(iii) Section 904(b)(3)(E)(iii)(I) shall be applied by using the language "the alternative rate of tax determined under section 55(b)(3)" instead of "the alternative rate of tax determined under section 1(h)".(2)Corporate taxpayers. In the case of a corporation, for purposes of determining the alternative minimum tax foreign tax credit under section 59, section 904(b)(3)(E)(ii)(II) shall be applied by using the language "section 55(b)(1)(B)" instead of "section 11(b)".(c)Effective date. This section shall apply to taxable years beginning after July 20, 2004. See § 1.904(b)-1(i) for a rule permitting taxpayers to choose to apply § 1.904(b)-1 and this § 1.904(b)-2 to taxable years ending after July 20, 2004.T.D. 9141, 69 FR 43316 , July 20, 2004; 69 FR 61761 , Oct. 21, 2004