H.R. 3210 · 118th Congress · House

Book Minimum Tax Repeal Act

Active· Referred to the House Committee on Ways and Means.
Introduced
May 11, 23
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.

Action Timeline

3
  1. MAY 11, 2023•IntroReferral

    Introduced in House

  2. MAY 11, 2023•IntroReferral

    Introduced in House

  3. MAY 11, 2023•IntroReferral

    Referred to the House Committee on Ways and Means.

Committees

1

Ways and Means Committee

hswm00

Referred: May 11, 2023

Active