ALTERNATIVE MINIMUM TAX TREATMENT OF CONTRIBUTIONS OF APPRECIATED PROPERTY.

SEC. 13171. ALTERNATIVE MINIMUM TAX TREATMENT OF CONTRIBUTIONS OF APPRECIATED PROPERTY. (a) Repeal of Tax Preference.— Subsection (a) of section 57 (as amended by section 13113) is amended by striking paragraph (6) (relating to appreciated property charitable deduction) and by redesignating paragraphs (7) and (8) as paragraphs (6) and (7), respectively. (b) Effect on Adjusted Current Earnings.— Paragraph (4) of section 56(g) is amended by adding at the end thereof the following new subparagraph: “(J) Treatment of charitable contributions.— Notwithstanding subparagraphs (B) and (C), no adjustment related to the earnings and profits effects of any charitable 107 STAT. 455contribution shall be made in computing adjusted current earnings.” (c) Conforming Amendment.— Subclause (II) of section 53(d)(1)(B)(ii) (as amended by section 13113) is amended by striking “(5), (6), and (8)” and inserting “(5), and (7)”. (d) Effective Date.— The amendments made by this section shall apply to contributions made after June 30, 1992, except that in the case of any contribution of capital gain property which is not tangible personal property, such amendments shall apply only if the contribution is made after December 31, 1992.