119th Congress · introduced in the Senate · Feb 27, 2025
Book Minimum Tax Repeal Act
Official title from Congress.gov
Latest action (Feb 27, 2025): Read twice and referred to the Committee on Finance. (text: CR S1431)
View on Congress.govPolicy area: Taxation
Congressional Research Service summary, version: Introduced in Senate (Feb 27, 2025)
Book Minimum Tax Repeal Act
This bill repeals the corporate alternative minimum tax (CAMT) and makes related modifications to the general business tax credit.
Under current law, a 15% CAMT is imposed on a corporation with adjusted financial statement income (also known as book income) exceeding an average of $1 billion for a consecutive three-year period (or an average of $100 million for a U.S. corporation that is part of a foreign parent multinational group if the adjusted financial statement income of such group exceeds an average of $1 billion for a consecutive three-year period). Adjusted financial statement income generally is the net income or loss reported on the corporation’s applicable financial statement for a tax year, with adjustments for specific items.
The bill repeals the CAMT and modifies a related limit on the amount of general business tax credits allowed for a corporation.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Read twice and referred to the Committee on Finance. (text: CR S1431)
Introduced in Senate
Actions from Congress.gov, newest first.
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 23, 2026.
21 citations.
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION · lobbying firm or registrant: AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · amended · posted Oct 23, 2026 · issue area: Taxation/Internal Revenue Code
$1,410,000
Spent on own lobbying
…gation Expenditures S. 586 A Refundable Credit to Offset Flood Insurance Premiums H.R. 1481 To Ensure Sufficient Capital to Cover Catastrophic Insurance Losses S. 796 To Repeal the Corporate Alternative Minimum Tax H.R. 1849 To Provide for the Exclusion from Gros Income of Amounts Received from State-based Catastrophe Loss M…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES · lobbying firm or registrant: NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 21, 2026 · issue area: Taxation/Internal Revenue Code
$520,000
Spent on own lobbying
S.336 - A bill to amend the Internal Revenue Code of 1986 to exclude from gross income amounts received from State-based catastrophe loss mitigation programs. S.796 - A bill to amend the Internal Revenue Code of 1986 to repeal the corporate alternative minimum tax. H.R.948 - To amend the Internal Revenue Code of 1986 to pr…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION · lobbying firm or registrant: AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Taxation/Internal Revenue Code
$1,600,000
Spent on own lobbying
…gation Expenditures S. 586 A Refundable Credit to Offset Flood Insurance Premiums H.R. 1481 To Ensure Sufficient Capital to Cover Catastrophic Insurance Losses S. 796 To Repeal the Corporate Alternative Minimum Tax H.R. 1849 To Provide for the Exclusion from Gros Income of Amounts Received from State-based Catastrophe Loss M…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CHAMBER OF COMMERCE OF THE U.S.A. · lobbying firm or registrant: CHAMBER OF COMMERCE OF THE U.S.A.
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Taxation/Internal Revenue Code
$16,480,000
Spent on own lobbying
…ll Savings Account Act of 2026 H.R. 8780/S. 5330, Critical Mineral and Extraction Tax Parity Act H.R. 9012/S. 5366, the Affordable Housing Credit Carryback Act S. 796, Book Minimum Tax Repeal Act S. 5441, Taxpayer Assistance and Service (TAS) Act H.R. Res. 1383, Commemorating the one-year anniversary of the enactment of the…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION · lobbying firm or registrant: AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 22, 2026 · issue area: Taxation/Internal Revenue Code
$2,140,000
Spent on own lobbying
…gation Expenditures S. 586 A Refundable Credit to Offset Flood Insurance Premiums H.R. 1481 To Ensure Sufficient Capital to Cover Catastrophic Insurance Losses S. 796 To Repeal the Corporate Alternative Minimum Tax H.R. 1849 To Provide for the Exclusion from Gros Income of Amounts Received from State-based Catastrophe Loss M…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES · lobbying firm or registrant: NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Taxation/Internal Revenue Code
$540,000
Spent on own lobbying
S.336 - A bill to amend the Internal Revenue Code of 1986 to exclude from gross income amounts received from State-based catastrophe loss mitigation programs. S.796 - A bill to amend the Internal Revenue Code of 1986 to repeal the corporate alternative minimum tax. H.R.948 - To amend the Internal Revenue Code of 1986 to pr…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CHAMBER OF COMMERCE OF THE U.S.A. · lobbying firm or registrant: CHAMBER OF COMMERCE OF THE U.S.A.
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Taxation/Internal Revenue Code
$16,950,000
Spent on own lobbying
…iceship Growth and Education Support (WAGES) Act of 2026 H.R. 8714, Skill Savings Account Act of 2026 H.R. 8780, Critical Mineral and Extraction Tax Parity Act S. 796, Book Minimum Tax Repeal Act S. 1605, International Competition for American Jobs Act S. 3931, Taxpayer Assistance and Service (TAS) Act Potential legislation…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CHAMBER OF COMMERCE OF THE U.S.A. · lobbying firm or registrant: CHAMBER OF COMMERCE OF THE U.S.A.
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · amended · posted Jul 14, 2026 · issue area: Taxation/Internal Revenue Code
$19,750,000
Spent on own lobbying
…t H.R. 7450/S. 3605, Disaster Zone Energy Affordability and Investment Act H.R. 8101/S. 4221, Ensuring Better Interest Treatment and Deductibility Act (EBITDA) S. 796, Book Minimum Tax Repeal Act S. 1605, International Competition for American Jobs Act S. 4071, Child Care Tax Benefit Outreach and Assistance Act H.J. Res. 142…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION · lobbying firm or registrant: AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Taxation/Internal Revenue Code
$1,440,000
Spent on own lobbying
…gation Expenditures S. 586 A Refundable Credit to Offset Flood Insurance Premiums H.R. 1481 To Ensure Sufficient Capital to Cover Catastrophic Insurance Losses S. 796 To Repeal the Corporate Alternative Minimum Tax H.R. 1849 To Provide for the Exclusion from Gros Income of Amounts Received from State-based Catastrophe Loss M…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES · lobbying firm or registrant: NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Taxation/Internal Revenue Code
$506,440
Spent on own lobbying
S.336 - A bill to amend the Internal Revenue Code of 1986 to exclude from gross income amounts received from State-based catastrophe loss mitigation programs. S.796 - A bill to amend the Internal Revenue Code of 1986 to repeal the corporate alternative minimum tax. H.R.948 - To amend the Internal Revenue Code of 1986 to pr…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION · lobbying firm or registrant: AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$1,400,000
Spent on own lobbying
…gation Expenditures S. 586 A Refundable Credit to Offset Flood Insurance Premiums H.R. 1481 To Ensure Sufficient Capital to Cover Catastrophic Insurance Losses S. 796 To Repeal the Corporate Alternative Minimum Tax H.R. 1849 To Provide for the Exclusion from Gros Income of Amounts Received from State-based Catastrophe Loss M…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES · lobbying firm or registrant: NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 16, 2026 · issue area: Taxation/Internal Revenue Code
$465,758
Spent on own lobbying
S.336 - A bill to amend the Internal Revenue Code of 1986 to exclude from gross income amounts received from State-based catastrophe loss mitigation programs. S.796 - A bill to amend the Internal Revenue Code of 1986 to repeal the corporate alternative minimum tax. H.R.948 - To amend the Internal Revenue Code of 1986 to pr…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES · lobbying firm or registrant: NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 21, 2025 · issue area: Taxation/Internal Revenue Code
$442,147
Spent on own lobbying
S.336 - A bill to amend the Internal Revenue Code of 1986 to exclude from gross income amounts received from State-based catastrophe loss mitigation programs. S.796 - A bill to amend the Internal Revenue Code of 1986 to repeal the corporate alternative minimum tax. H.R.948 - To amend the Internal Revenue Code of 1986 to pr…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ENERGY INFRASTRUCTURE COUNCIL FKA MASTER LIMITED PARTNERSHIP ASSOCIATION · lobbying firm or registrant: ZIEBART CONSULTING, LLC
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 6, 2025 · issue area: Taxation/Internal Revenue Code
$60,000
Paid to lobbying firm
S. 796 - the "Book Minimum Tax Repeal Act," and legislative and regulatory matters affecting master limited partnerships and energy infrastructure companies.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION · lobbying firm or registrant: AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 22, 2025 · issue area: Taxation/Internal Revenue Code
$1,740,000
Spent on own lobbying
…gation Expenditures S. 586 A Refundable Credit to Offset Flood Insurance Premiums H.R. 1481 To Ensure Sufficient Capital to Cover Catastrophic Insurance Losses S. 796 To Repeal the Corporate Alternative Minimum Tax H.R. 1849 To Provide for the Exclusion from Gros Income of Amounts Received from State-based Catastrophe Loss M…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES · lobbying firm or registrant: NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Taxation/Internal Revenue Code
$435,663
Spent on own lobbying
S.336 - A bill to amend the Internal Revenue Code of 1986 to exclude from gross income amounts received from State-based catastrophe loss mitigation programs. S.796 - A bill to amend the Internal Revenue Code of 1986 to repeal the corporate alternative minimum tax. H.R.948 - To amend the Internal Revenue Code of 1986 to pr…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ENERGY INFRASTRUCTURE COUNCIL FKA MASTER LIMITED PARTNERSHIP ASSOCIATION · lobbying firm or registrant: ZIEBART CONSULTING, LLC
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 4, 2025 · issue area: Taxation/Internal Revenue Code
$60,000
Paid to lobbying firm
H.R. 1 - the "One Big Beautiful Bill Act," S. 796 - the "Book Minimum Tax Repeal Act," H.R. 703 and S.213 - the "Main Street Tax Certainty Act," and legislative and regulatory matters affecting master limited…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES · lobbying firm or registrant: NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Taxation/Internal Revenue Code
$424,512
Spent on own lobbying
S.336 - A bill to amend the Internal Revenue Code of 1986 to exclude from gross income amounts received from State-based catastrophe loss mitigation programs. S.796 - A bill to amend the Internal Revenue Code of 1986 to repeal the corporate alternative minimum tax. H.R.948 - To amend the Internal Revenue Code of 1986 to pr…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION · lobbying firm or registrant: AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Taxation/Internal Revenue Code
$1,290,000
Spent on own lobbying
…gation Expenditures S. 586 A Refundable Credit to Offset Flood Insurance Premiums H.R. 1481 To Ensure Sufficient Capital to Cover Catastrophic Insurance Losses S. 796 To Repeal the Corporate Alternative Minimum Tax H.R. 1849 To Provide for the Exclusion from Gros Income of Amounts Received from State-based Catastrophe Loss M…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN CHEMISTRY COUNCIL · lobbying firm or registrant: AMERICAN CHEMISTRY COUNCIL
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Taxation/Internal Revenue Code
$4,190,000
Spent on own lobbying
…nd R&D competitiveness act of 2025; House Concurrent Res. 14 - budget resolution; Senate Concurrent Res. 7 - budget resolution; S.615, Chemical Tax Repeal Act; S.796, Book Minimum Tax Repeal Act; Business State and local tax exemption; IRA Energy Efficiency Tax Credits 25C, 45L, 179D; IRA energy tax credits 45V, 45Q, and 48…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ENERGY INFRASTRUCTURE COUNCIL FKA MASTER LIMITED PARTNERSHIP ASSOCIATION · lobbying firm or registrant: ZIEBART CONSULTING, LLC
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 10, 2025 · issue area: Taxation/Internal Revenue Code
$60,000
Paid to lobbying firm
S. 796 - the "Book Minimum Tax Repeal Act," H.R. 703 and S.213 - the "Main Street Tax Certainty Act," and legislative and regulatory matters affecting master limited…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing