Section 1453-A. Computation of alternative entire net income  


Latest version.
  • --(a)
      Alternative entire net income means  entire  net  income  as  determined
      pursuant  to  section  fourteen  hundred  fifty-three,  except  that the
      deductions described in paragraphs eleven and twelve of  subsection  (e)
      of section fourteen hundred fifty-three shall not be allowed.
        (b)  Any  election made pursuant to paragraph two of subsection (b) of
      section fourteen hundred fifty-four with  respect  to  the  modification
      provided  for  in subsection (f) of section fourteen hundred fifty-three
      shall be deemed to have been made for purposes of computing  alternative
      entire net income.