United States · Bill · S
S. 1559 (118th)
Book Minimum Tax Repeal Act
Introduced
11 May 2023
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
5 December 2025
Summary
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.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 11 May 2023
Introduced in Senate (PDF)
Introduced in Senate · EN · 11 May 2023
Introduced in Senate
summary · EN · 11 May 2023
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/118th-congress/senate-bill/1559
- Open data entity: https://api.congress.gov/v3/bill/118/s/1559