To amend the Internal Revenue Code of 1986 to enhance tax equity and fairness by imposing an alternative minimum tax on corporations importing products into the United States at artificially inflated prices.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to impose an alternative minimum tax on certain corporations equal to five percent of their net business receipts for a taxable year. Imposes such tax on a corporation (foreign or domestic) if: (1) its gross sales in the United States of manufactured parts or products exceeded $10,000,000; (2) it imported such products with a customs value in excess of $10,000,000 (artificially inflated prices); and (3) its tax obligation under the alternative minimum tax exceeds its total tax obligation.…