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Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act
12/29/2022, 1:18 PM
Congressional Summary of S 5017
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.
Read the Full Bill
Current Status of Bill S 5017
Bill S 5017 is currently in the status of Bill Introduced since September 29, 2022. Bill S 5017 was introduced during Congress 117 and was introduced to the Senate on September 29, 2022. Bill S 5017's most recent activity was Read twice and referred to the Committee on Finance. as of September 29, 2022
Bipartisan Support of Bill S 5017
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
13Democrat Cosponsors
0Republican Cosponsors
13Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 5017
Primary Policy Focus
TaxationAlternate Title(s) of Bill S 5017
Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act
Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act
A bill to repeal the corporate alternative minimum tax.
Comments
Sponsors and Cosponsors of S 5017
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Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act
Bill HR 9030December 29, 2022