HR 3210
118th Congress
House
Taxation
Book Minimum Tax Repeal Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 11, 2023
Referred to the House Committee on Ways and Means.
May 11, 2023
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1