Book Minimum Tax Repeal Act
HR 3210, the Book Minimum Tax Repeal Act, repeals the corporate alternative minimum tax (AMT) for businesses. It eliminates the requirement for corporations to pay this tax by treating them as having a zero "tentative minimum tax" amount under the Internal Revenue Code. The change applies to taxable years beginning after December 31, 2022. This directly affects corporations that would have been subject to the corporate AMT under prior law.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2023
Committee Review
Floor Vote
President
Introduced May 11, 2023
Last action May 11, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 11, 2023
Committee
Referred to the House Committee on Ways and Means.
lower
May 11, 2023
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jodey C. Arrington
RRepublican
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