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Book Minimum Tax Repeal Act

USA118th CongressS-1559| Senate 
| Updated: 5/11/2023
John Barrasso

John Barrasso

Republican Senator

Wyoming

Cosponsors (10)
Bill Cassidy (Republican)Mike Braun (Republican)James E. Risch (Republican)Cynthia M. Lummis (Republican)Marsha Blackburn (Republican)Todd Young (Republican)James Lankford (Republican)Pete Ricketts (Republican)Steve Daines (Republican)Mike Crapo (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
May 11, 2023

Latest Companion Bill Action

HR 118-3210
Introduced in House
May 11, 2023
Introduced in Senate
May 11, 2023
Read twice and referred to the Committee on Finance.
  • May 11, 2023

    Latest Companion Bill Action

    HR 118-3210
    Introduced in House


  • May 11, 2023
    Introduced in Senate


  • May 11, 2023
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 118-3210: Book Minimum Tax Repeal Act

Book Minimum Tax Repeal Act

USA118th CongressS-1559| Senate 
| Updated: 5/11/2023
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 11, 2023

Latest Companion Bill Action

HR 118-3210
Introduced in House
May 11, 2023
Introduced in Senate
May 11, 2023
Read twice and referred to the Committee on Finance.
  • May 11, 2023

    Latest Companion Bill Action

    HR 118-3210
    Introduced in House


  • May 11, 2023
    Introduced in Senate


  • May 11, 2023
    Read twice and referred to the Committee on Finance.
John Barrasso

John Barrasso

Republican Senator

Wyoming

Cosponsors (10)
Bill Cassidy (Republican)Mike Braun (Republican)James E. Risch (Republican)Cynthia M. Lummis (Republican)Marsha Blackburn (Republican)Todd Young (Republican)James Lankford (Republican)Pete Ricketts (Republican)Steve Daines (Republican)Mike Crapo (Republican)

Finance Committee

Taxation

Related Bills

  • HR 118-3210: Book Minimum Tax Repeal Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted