A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Interim Guidance Simplifying Application of the Corporate Alternative Minimum Tax to Partnerships".
About This Bill
Introduced
Latest Action · February 10, 2026
Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 47 - 51. Record Vote Number: 35. (CR S543)
This joint resolution would overturn an Internal Revenue Service rule that provides guidance on how the corporate alternative minimum tax applies to partnerships. The resolution uses the Congressional Review Act, which allows Congress to disapprove federal agency regulations within a certain timeframe after they are issued. If passed by both chambers of Congress and signed by the president, the IRS rule known as "Interim Guidance Simplifying Application of the Corporate Alternative Minimum Tax to Partnerships" would be nullified and have no legal effect. The resolution primarily affects partnerships and their corporate partners who are subject to the alternative minimum tax, potentially creating uncertainty about tax obligations and compliance requirements. The bill does not include any funding provisions, as it simply seeks to eliminate an existing regulatory guidance rather than create new programs or requirements.
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