S. 796In Committee
Book Minimum Tax Repeal Act
Repeals the corporate alternative minimum tax on large corporations and adjusts related limits on general business tax credits
Plain-English overview
What this bill does
Repeals the corporate alternative minimum tax on large corporations and adjusts related limits on general business tax credits
Key points
- Modify general business tax credit limits
- Repeal corporate alternative minimum tax
Current status
Where it stands
Status
In Committee
Latest action
2025-02-27 — Read twice and referred to the Committee on Finance. (text: CR S1431)
Related context
Topics and policy areas
undefinedTaxation