to the regular tax, such taxpayer shall be subject to the tax imposed by this section (and, if the regular tax is determined by reference to an amount other than taxable income, such amount shall be treated as the taxable income of such taxpayer for purposes of the preceding sentence). . (b) Application to general business credit Section 38(c)(6)(E) of the Internal Revenue Code of 1986 is amended to read as follows: (E) Corporations In the case of a corporation, this subsection shall be applied by treating the corporation as having a tentative minimum tax of zero. . (c) Conforming amendments (1) Section 11(d) of the Internal Revenue Code of 1986 is amended by striking the taxes imposed by subsection (a) and section 55 and inserting the tax imposed by subsection (a) . (2) Section 12 of such Code is amended by striking paragraph (5). (3) Section 53 of such Code is amended by striking subsection (e). (4) Part VI of subchapter A of chapter 1 of such Code is amended by striking section 56A (and the item related to such section in the table of sections for such part). (5) Section 59 of such Code is amended by striking subsections (k) and (l). (6) Section 860E(a)(4) of such Code is amended by striking section 55(b)(1)(D) and inserting section 55(b)(2) . (7) Section 882(a)(1) of such Code is amended by , 55, . (8) Section 897(a)(2)(A)(i) of such Code is amended by striking section 55(b)(1)(D) and inserting section 55(b)(2) . (9) Section 6425(c)(1)(A) of such Code is amended by striking clause (ii) and by redesignating clause (iii) as clause (ii). (10) Section 6655(e)(2) of such Code is amended by striking , adjusted financial statement income (as defined in section 56A) each place it appears in subparagraphs (A)(i) and (B)(i). (11) Section 6655(g)(1)(A) of such Code is amended by striking clause (ii) and by redesignating clauses (iii) and (iv) as clauses (ii) and (iii), respectively. (d) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2022.