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February 27, 2025

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United StatesSenate Bill 796S 796

Book Minimum Tax Repeal Act

Taxation

senate

House Votes

Vote Data Not Available

Senate Votes

Pending Committee

February 27, 2025 (1 year ago)

Read twice and referred to the Committee on Finance. (text: CR S1431)

Presidential Signature

Signature Data Not Available

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Sponsors (9)

AI Summary

Text Versions

Text as it was Introduced in Senate

February 27, 2025

View

Amendments

No Amendments

What do you think?

Amendments

No Amendments

Sponsors (9)

House Votes

Vote Data Not Available

Senate Votes

Pending Committee

February 27, 2025 (1 year ago)

Read twice and referred to the Committee on Finance. (text: CR S1431)

Presidential Signature

Signature Data Not Available

AI Summary

United StatesSenate Bill 796S 796

Book Minimum Tax Repeal Act

Taxation

senate

Rewrites key parts of the corporate alternative minimum tax (AMT). It replaces the current tentative minimum tax formula with a new two‑bracket tentative minimum tax calculation, treats corporations as having a tentative minimum tax of zero for purposes of computing the general business credit, and makes related conforming changes to the tax code. The changes apply to taxable years beginning after December 31, 2024.

house

president

Introduced February 27, 2025 by John A. Barrasso · Last progress 1 year ago