Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act
Latest action · Sep 29, 2022 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 29, 2022
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 12
Members who signed on, in the order they did. All signed on Sep 29, 2022.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-GA | A. Drew Ferguson IV | Original | Sep 29, 2022 |
| R-TX | August Pfluger | Original | Sep 29, 2022 |
| R-TX | Beth Van Duyne | Original | Sep 29, 2022 |
| R-OH | Brad R. Wenstrup | Original | Sep 29, 2022 |
| R-WV | Carol D. Miller | Original | Sep 29, 2022 |
| R-IL | Darin LaHood | Original | Sep 29, 2022 |
| R-TN | David Kustoff | Original | Sep 29, 2022 |
| R-AZ | David Schweikert | Original | Sep 29, 2022 |
| R-NC | Gregory F. Murphy | Original | Sep 29, 2022 |
| R-PA | Mike Kelly | Original | Sep 29, 2022 |
| R-KS | Ron Estes | Original | Sep 29, 2022 |
| R-SC | Tom Rice | Original | Sep 29, 2022 |
Actions 2
Everything that happened, newest first.
- Sep 29, 2022Introduced in House
- Sep 29, 2022Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 5017 | Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act | Identical bill | Sep 29, 2022 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Sep 29, 2022Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.