118th Congress Taxation
S. 1559: Book Minimum Tax Repeal Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (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.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Marsha Blackburn R-TNOriginal
- Mike Braun R-INOriginal
- Michael Crapo R-IDOriginal
- Bill Cassidy R-LAOriginal
- Steve Daines R-MTOriginal
- Cynthia Lummis R-WYOriginal
- James Lankford R-OKOriginal
- James Risch R-IDOriginal
- Todd Young R-INOriginal
- Pete Ricketts R-NE
Who scored on this bill
No member has earned points from it yet.
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History
- Introduced in the Senate by John Barrasso.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.