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Ending Corporate Minimum Tax: Relief for Large Businesses.

This legal act aims to repeal a specific minimum tax for large corporations. This means some large businesses will no longer pay this additional tax, potentially influencing their investment decisions and product pricing, which could then affect the job market and consumer goods availability.
Key points
Repeals the corporate alternative minimum tax, potentially increasing corporate profits and investments.
May lead to changes in product and service prices and the job market, depending on corporate decisions.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_5017
Sponsor: Sen. Barrasso, John [R-WY]
Process start date: 2022-09-29
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_5017.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-09-29.

What are the main provisions?

Key points include:

  • Repeals the corporate alternative minimum tax, potentially increasing corporate profits and investments.
  • May lead to changes in product and service prices and the job market, depending on corporate decisions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Barrasso, John [R-WY].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Economy