S. 1559 · 118th Congress · Senate

Book Minimum Tax Repeal Act

Active· Read twice and referred to the Committee on Finance.
Introduced
May 11, 23
Passed Senate
Pending
Passed House
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

2
  1. MAY 11, 2023•IntroReferral

    Introduced in Senate

  2. MAY 11, 2023•IntroReferral

    Read twice and referred to the Committee on Finance.

Committees

1

Finance Committee

ssfi00

Referred: May 11, 2023

Active