SENATE 1559118th CongressRead twice and referred to the Committee on Finance.
Book Minimum Tax Repeal Act
- Last Action
- 5/11/2023
Actions
- 2023-05-11Read twice and referred to the Committee on Finance.
- 2023-05-11Introduced in Senate
CRS Summary
As of 2023-05-11 (00)
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.
Cosponsors (10)
- Mike Crapo (R-ID)
- James Lankford (R-OK)
- Todd Young (R-IN)
- Bill Cassidy (R-LA)
- Steve Daines (R-MT)
- Marsha Blackburn (R-TN)
- James Risch (R-ID)
- Mike Braun (R-IN)
- Cynthia Lummis (R-WY)
- Pete Ricketts (R-NE)
Sourced from Congress.gov (public domain).
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