Book Minimum Tax Repeal Act

United States118th CongressS-1559Senate
Updated: May 11, 2023

Summary

Book Minimum Tax Repeal Act This bill repeals the 15% alternative tax on the financial statement (i.e., book) income of certain corporations. The tax applies to companies that report over $1 billion in profits to their shareholders.

Bill texts

Available versions
Introduced (Senate)View official text

1 version available

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Timeline

Latest companion bill action

HR-3210: Book Minimum Tax Repeal Act

Introduced in House

  1. Read twice and referred to the Committee on Finance.

    Senate

  2. Introduced in Senate

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