Blocks an IRS rule on corporate minimum tax for partnerships

Congress would cancel temporary Internal Revenue Service guidance that made it simpler to apply the corporate minimum tax to partnerships, so the guidance would no longer apply.

• Cancels Internal Revenue Service guidance known as Notice 2025-28
• That guidance covered how the corporate minimum tax applies to partnerships
• If the measure becomes law, the guidance would have no force or effect
• Three senators introduced it; it now sits on the Senate calendar

In committee

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