SECTION 2. SCOPE

The relief provided in this notice applies only for the purpose of calculating an installment of estimated income tax of a corporate taxpayer that is due on or before August 15, 2024, with respect to a taxable year that began during 2024. This notice waives any addition to tax under § 6655 to the extent the amount of any underpayment is attributable to the portion of the CAMT liability due in that installment. Regarding installments of estimated income tax of a corporate taxpayer (or consolidated group) due after August 15, 2024, § 6655 applies in the normal course and this notice does not apply, nor does it waive the addition to tax under § 6655 to the extent the amount of any underpayment is attributable to provisions of the Code other than § 55(a).