Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act

S. 5017 · 117th Congress · Sep 29, 2022 · Lineage

A BILL

To repeal the corporate alternative minimum tax.

Section 1 Short title

This Act may be cited as the “Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act ”.

Sec. 2 Repeal of corporate alternative minimum tax

(a)

In general— Sections 10101 and 13904(a) of Public Law 117–169 are repealed.

(b)

Applicability— The Internal Revenue Code of 1986 shall be applied and administered as if such sections (and the amendments made by such sections) had not been enacted.

Lineage

Sep 29, 2022viewing Introduced in Senate Mr. Barrasso (for himself, Mrs. Blackburn, Mr. Boozman, Mr. Braun, Mr. Cassidy, Mr. Crapo, Mr. Lankford, Ms. Lummis, Mr. Portman, Mr. Risch, Mr. Toomey, Mr. Young, Mr. Wicker, and Mr. Hoeven) introduced the following bill; which was read twice and referred to the Committee on Finance

Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act

Section 1 Short title

Sec. 2 Repeal of corporate alternative minimum tax

Cite this provision

Incoming references