Alternative Minimum Tax (“AMT”)
An additional income tax under the code that applies in certain instances for individuals and in a different way to certain large corporations.
An accounting estimate of the number of years it is likely for an asset to remain in service for the purpose of cost-effective revenue generation. The Internal Revenue Service (IRS) employs Useful Life for various purposes applicable to Tax-Exempt Bonds.

An additional income tax under the code that applies in certain instances for individuals and in a different way to certain large corporations.