Senate
May 11, 2023Book Minimum Tax Repeal Act
Summary
Official
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.
Bill Progress
Bill has been introduced and assigned a number
Introduced(5/11/23)
Committee
Passed
House
Passed
Senate
President
Law
Sponsor
JB
Mr. Barrasso
Senate (R) Wyoming
Cosponsors (10)
Latest Action
Read twice and referred to the Committee on Finance.
May 11, 2023