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H.R. 3210

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to repeal the corporate alternative minimum tax.
About This Bill
Committee
Latest Action · May 11, 2023
Referred to the House Committee on Ways and Means.
Congress
118th (2023–2025)
Introduced
May 11, 2023
Cosponsors (0)
None
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Summary

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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.

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