A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Interim Guidance Simplifying Application of the Corporate Alternative Minimum Tax to Partnerships".

Senate Joint Resolution

S.J.Res. 95

119th Congress

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Interim Guidance Simplifying Application of the Corporate Alternative Minimum Tax to Partnerships".

Placed on Senate Legislative Calendar under General Orders. Calendar No. 297.

Introduced:Dec 18, 2025

Primary Sponsor

Ron Wyden

D - OR

Cosponsors

2

Quick Stats

Policy Area

Taxation

Summary

This Congressional Review Act resolution would nullify IRS guidance on how the Corporate Alternative Minimum Tax (CAMT) applies to partnerships. The CAMT, enacted in the Inflation Reduction Act, imposes a 15% minimum tax on large corporations. The IRS interim guidance simplified how partnership income flows into the CAMT calculation, which some argue was more favorable to certain taxpayers.

Latest Action

Placed on Senate Legislative Calendar under General Orders. Calendar No. 297.

Introduced12/18/2025

StatusPlaced on Senate Legislative Calendar under General Orders. Calendar No. 297.

ChamberSenate

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Vote Prediction

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Interim Guidance Simplifying Application of the Corporate Alternative Minimum Tax to Partnerships".

This Congressional Review Act resolution would nullify IRS guidance on how the Corporate Alternative Minimum Tax (CAMT) applies to partnerships. The CAMT, enacted in the Inflation Reduction Act, imposes a 15% minimum tax on large corporations. The IRS interim

Community Breakdown

Pass

0%

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0 predictions

This Congressional Review Act resolution would nullify IRS guidance on how the Corporate Alternative Minimum Tax (CAMT) applies to partnerships. The CAMT, enacted in the Inflation Reduction Act, imposes a 15% minimum tax on large corporations. The IRS interim guidance simplified how partnership income flows into the CAMT calculation, which some argue was more favorable to certain taxpayers.

Bill Number: 95
Introduced: 12/18/2025
Status: Placed on Senate Legislative Calendar under General Orders. Calendar No. 297.
Policy Area: Taxation

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Interim Guidance Simplifying Application of the Corporate Alternative Minimum Tax to Partnerships".
Bill Number: 95
Sponsor: No sponsor
Status: Placed on Senate Legislative Calendar under General Orders. Calendar No. 297.
Introduced: 12/18/2025
Summary: This Congressional Review Act resolution would nullify IRS guidance on how the Corporate Alternative Minimum Tax (CAMT) applies to partnerships. The CAMT, enacted in the Inflation Reduction Act, imposes a 15% minimum tax on large corporations. The IRS interim guidance simplified how partnership inco

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This Congressional Review Act resolution would nullify IRS guidance on how the Corporate Alternative Minimum Tax (CAMT) applies to partnerships. The CAMT, enacted in the Inflation Reduction Act, imposes a 15% minimum tax on large corporations. The IRS interim guidance simplified how partnership income flows into the CAMT calculation, which some argue was more favorable to certain taxpayers.

Last updated: 12/26/2025

Key Points

Main provisions of the bill

Uses Congressional Review Act to disapprove IRS Notice 2025-28
Targets IRS guidance on applying Corporate Alternative Minimum Tax to partnerships
CAMT imposes 15% minimum tax on corporations with book income over $1 billion
IRS guidance simplified how partnership income is treated for CAMT purposes
If passed, the IRS rule would have no force and effect

How This Impacts Americans

Potential effects on citizens and communities

Large corporations with significant partnership interests could face different (potentially higher) tax treatment if this resolution passes. Private equity and investment firms that use partnership structures extensively may see impacts. The Treasury would need to develop new guidance for partnership treatment under CAMT. Tax professionals and corporate tax departments would face uncertainty about how to calculate minimum tax obligations.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

95, 119th Congress (2025). "A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Interim Guidance Simplifying Application of the Corporate Alternative Minimum Tax to Partnerships".". Source: Voter's Right Platform. https://votersright.org/bills/119-sjres-95