Is interest paid on corporate bonds deductible to the corporation that issued them under the corporate alternative minimum tax?

Yes, interest paid on corporate bonds is generally deductible to the corporation that issued them under the corporate alternative minimum tax (AMT). However, the calculation of AMT can be complex, and certain adjustments may apply. Corporations need to consider specific provisions in the tax code that may affect the deductibility of interest expenses when determining their AMT liability. It's advisable for corporations to consult tax professionals for tailored guidance.