Search Results: keywords:"revenue impact"

  • S. 796 — To amend the Internal Revenue Code of 1986 to repeal the corporate alternative minimum tax.
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    Status:Introduced in Senate
    Words:1,026

    S. 796 is a bill aimed at changing tax laws in the United States. It proposes to remove the corporate alternative minimum tax (CAMT), a requirement that corporations pay at least a minimum level of tax, regardless of deductions or credits. This bill would amend various...

    Simple Explanation

    In the bill S. 796, they want to change the rules so big companies don't have to pay a certain extra kind of tax anymore. This means companies might pay less money, but the government could get less money to use for things like building stuff or helping people.

  • S. 451 — To amend the Mineral Leasing Act to eliminate an administrative fee, and for other purposes.
    Status:Introduced in Senate
    Words:604

    S. 451 aims to change the Mineral Leasing Act by removing an administrative fee requirement. Specifically, it proposes to eliminate language in Section 35 of the act that involves subsections related to these fees and adjusts other legal references accordingly. This action...

    Simple Explanation

    S. 451 is a bill that wants to stop collecting a special fee when people rent land to dig for minerals, which might make it cheaper or easier for them to do so. However, some people are worried about how this change might affect the money the government makes and whether it might cause confusion.