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Disapproves and nullifies the IRS interim guidance titled "Interim Guidance Simplifying Application of the Corporate Alternative Minimum Tax to Partnerships" (IRS Notice 2025–28), stating that the rule "shall have no force or effect." The resolution removes the specific IRS guidance treating how the corporate alternative minimum tax (CAMT) applies to partnerships, leaving the prior legal and administrative framework in place until further action.
Introduced November 18, 2025 by Ronald Lee Wyden · Last progress November 18, 2025
Read twice and referred to the Committee on Finance.
Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 47 - 51. Record Vote Number: 35. (CR S543)
Placed on Senate Legislative Calendar under General Orders. Calendar No. 297.
Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
Read twice and referred to the Committee on Finance.