S 5017 · 117th Congress · Taxation

Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act

Introduced 2022-09-29· Sponsored by Sen. Barrasso, John [R-WY]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2022-09-29)

Plain Language Summary

[AI summary unavailable — showing source text] Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act This bill repeals the 15% alternative minimum tax on corporations enacted by the Inflation Reduction Act of 2022.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (13)

13 Republicans
Sen. Blackburn, Marsha [R-TN]TN
Sen. Boozman, John [R-AR]AR
Sen. Braun, Mike [R-IN]IN
Sen. Cassidy, Bill [R-LA]LA
Sen. Crapo, Mike [R-ID]ID
Sen. Lankford, James [R-OK]OK
Sen. Lummis, Cynthia M. [R-WY]WY
Sen. Portman, Rob [R-OH]OH
Sen. Risch, James E. [R-ID]ID
Sen. Toomey, Patrick [R-PA]PA
Sen. Young, Todd [R-IN]IN
Sen. Wicker, Roger F. [R-MS]MS
Sen. Hoeven, John [R-ND]ND