S 1559 · 118th Congress · Taxation

Book Minimum Tax Repeal Act

Introduced 2023-05-11· 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.(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

Cosponsors (10)

10 Republicans
Sen. Crapo, Mike [R-ID]ID
Sen. Lankford, James [R-OK]OK
Sen. Young, Todd [R-IN]IN
Sen. Cassidy, Bill [R-LA]LA
Sen. Daines, Steve [R-MT]MT
Sen. Blackburn, Marsha [R-TN]TN
Sen. Risch, James E. [R-ID]ID
Sen. Braun, Mike [R-IN]IN
Sen. Lummis, Cynthia M. [R-WY]WY
Sen. Ricketts, Pete [R-NE]NE