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S. 5017 · 117th Congress

Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act

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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

13 cosponsors · 13 R

13 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act

What it does: CRS summary · Introduced in Senate · Sep 29, 2022

Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act

This bill repeals the 15% alternative minimum tax on corporations enacted by the Inflation Reduction Act of 2022.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act

Latest action (Sep 29, 2022): Read twice and referred to the Committee on Finance.

Policy area: Taxation · Origin: Senate · Introduced: Sep 29, 2022

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.