H.R. 3210 · 118th Congress
Book Minimum Tax Repeal Act
- Stage
- In committee
- Sponsor
- Jodey Arrington
- Introduced
- 2023-05-11
- Latest action
- 2023-05-11 · Introduced in House
Summary
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.