118th Congress Taxation
H.R. 3210: Book Minimum Tax Repeal Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
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Amendments
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History
- Introduced in the House by Jodey Arrington.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.