REPEAL OF EXCEPTION TO ALTERNATIVE MINIMUM FOREIGN TAX CREDIT LIMIT.

SEC. 1057. REPEAL OF EXCEPTION TO ALTERNATIVE MINIMUM FOREIGN TAX CREDIT LIMIT. (a) In General.—Section 59(a)(2) (relating to limitation to 90 percent of tax) is amended by striking subparagraph (C). (b) Effective Date.—The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.