Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act
Summary
Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act This bill repeals the 15% alternative minimum tax on corporations enacted by the Inflation Reduction Act of 2022.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2022
Committee Review
Floor Vote
President
Introduced Sep 29, 2022
Last action Sep 29, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Sep 29, 2022
Committee
Read twice and referred to the Committee on Finance.
upper
Sep 29, 2022
Introduced
Introduced in Senate
upper
1 primary · 13 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John Barrasso
RRepublican
Co
Bill Cassidy
RRepublican
Co
Cynthia M. Lummis
RRepublican
Co
James E. Risch
RRepublican
Co
James Lankford
RRepublican
Co
John Boozman
RRepublican
Co
John Hoeven
RRepublican
Co
Marsha Blackburn
RRepublican
Co
Mike Braun
RRepublican
Co
Mike Crapo
RRepublican
Co
Patrick J. Toomey
RRepublican
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