HR 3210 · 118th Congress · Taxation

Book Minimum Tax Repeal Act

Introduced 2023-05-11· Sponsored by Rep. Arrington, Jodey C. [R-TX-19]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2023-05-11)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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