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Book Minimum Tax Repeal Act

S. 1559 Sen. John Barrasso (R-WY) In committee
Bill text PDF
  1. Introduced May 11
  2. Committee May 11
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, May 11, 2023Next: Senate vote
1266d ago May 11, 2023: Read twice and referred to the Committee on Finance.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
2companies, 2 filings
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Member trades
5trades in the last 90 days
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Companies lobbying on this bill

2 companies
Companies by sector
Communications & Media 1Energy 1
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Summary

Book Minimum Tax Repeal Act

Full summary1 paragraphs

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.

Library of Congress summary, May 11, 2023

Summary versions
  • Introduced in SenateMay 11, 2023

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.