empowerment zone employment credit
(2) Empowerment zone employment credit may offset 25 percent of minimum tax (A) In general In the case of the empowerment zone employment credit— (i) this section and section 39 shall be applied separately with respect to such credit, and (ii) for purposes of applying paragraph (1) to such credit— (I) 75 percent of the tentative minimum tax shall be substituted for the tentative minimum tax under subparagraph (A) thereof, and (II) the limitation under paragraph (1) (as modified by subclause (I)) shall be reduced by the credit allowed under subsection (a) for the taxable year (other than the empowerment zone employment credit and the specified credits). (B) Empowerment zone employment credit For purposes of this paragraph, the term “empowerment zone employment credit” means the portion of the credit under subsection (a) which is attributable to the credit determined under section 1396 (relating to empowerment zone employment credit).