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

Hozzl · 2022-12-29T13:18:33Z

Explore the details of Senate Bill 5017 Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

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

Formatted Text PDF Formatted XML

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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 5017

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 5017

Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax ActRepealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax ActA bill to repeal the corporate alternative minimum tax.

Start holding our government accountable!