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". | ChamberLight
Bills · SJRES 95
IN COMMITTEE· 119TH CONGRESS
Senate Joint Res.SJRES 95Internal Revenue Service (IRS)Tax reform and tax simplification
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".
INTRO NOV 18· LAST ACTION FEB 10
READING
1MIN
COSPONSORS
3
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8
Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-written
This bill matters because it represents Congress exercising its authority to review and reject regulations made by government agencies, in this case, the IRS. For voters, it highlights how congressional actions can directly influence the complexity and burden of tax compliance for certain businesses.
If this bill becomes law, businesses structured as partnerships that owe the Corporate Alternative Minimum Tax will not see a simplification in how they calculate that tax, potentially keeping their tax preparation more complex than it would have been. If it does not become law, the IRS's "simplifying guidance" would go into effect, potentially making tax calculations easier for those specific businesses.
KEY PROVISIONS
3AI-extracted
PROVISION 01
Disapproves a specific rule from the Internal Revenue Service (IRS Notice 2025-28).
This directly targets and rejects a particular piece of tax guidance issued by the executive branch.
PROVISION 02
The disapproved rule related to simplifying how the Corporate Alternative Minimum Tax (CAMT) applies to partnerships.
This means that a simplification intended for certain business taxes would not be implemented.
PROVISION 03
States that the IRS rule shall have no force or effect if the resolution passes.
This immediately nullifies the agency's guidance, preventing it from being implemented or used.
IN COMMITTEE· 119TH CONGRESS · FINANCE COMMITTEE · INTRODUCED NOV 18, 2025
Senate Joint Res.SJRES 95Internal Revenue Service (IRS)Tax reform and tax simplification
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 bill matters because it represents Congress exercising its authority to review and reject regulations made by government agencies, in this case, the IRS. For voters, it highlights how congressional actions can directly influence the complexity and burden of tax compliance for certain businesses.
If this bill becomes law, businesses structured as partnerships that owe the Corporate Alternative Minimum Tax will not see a simplification in how they calculate that tax, potentially keeping their tax preparation more complex than it would have been. If it does not become law, the IRS's "simplifying guidance" would go into effect, potentially making tax calculations easier for those specific businesses.
KEY PROVISIONS
AI-extracted
high
Disapproves a specific rule from the Internal Revenue Service (IRS Notice 2025-28).
This directly targets and rejects a particular piece of tax guidance issued by the executive branch.
high
The disapproved rule related to simplifying how the Corporate Alternative Minimum Tax (CAMT) applies to partnerships.
This means that a simplification intended for certain business taxes would not be implemented.
high
States that the IRS rule shall have no force or effect if the resolution passes.
This immediately nullifies the agency's guidance, preventing it from being implemented or used.
GLOSSARY
AI-written
Joint Resolution
A legislative measure, similar to a bill, that requires the approval of both chambers of Congress and the President's signature (or a two-thirds vote to override a veto) to become law. Often used for constitutional amendments, declarations of war, or, as in this case, to disapprove agency rules.
Congressional Disapproval
A process under the Congressional Review Act (Chapter 8 of Title 5, United States Code) where Congress can pass a joint resolution to overturn a rule issued by a federal agency. If signed by the President, the rule is nullified and cannot be reissued in substantially the same form without new congressional authorization.
Internal Revenue Service (IRS)
The revenue service of the United States federal government, responsible for collecting taxes and administering the Internal Revenue Code.
Corporate Alternative Minimum Tax (CAMT)
A minimum tax that certain large corporations must pay, designed to ensure that profitable corporations pay at least a certain amount of tax, even if they have many deductions and credits under the regular tax system.
Partnership
A type of business structure where two or more individuals or entities share ownership, profits, and liabilities. For tax purposes, partnerships generally 'pass through' their income and losses to the owners' personal tax returns, but can sometimes be subject to corporate-level taxes like the CAMT.
ACTION TIMELINE
5 EVENTS
FEB 10
Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 47 - 51. Record Vote Number: 35. (CR S543)
FLOOR
DEC 18, 25
Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
DISCHARGE
DEC 18, 25
Placed on Senate Legislative Calendar under General Orders. Calendar No. 297.
Temporary instructions or rules issued by an agency, like the IRS, to provide clarity on how new laws or existing regulations should be interpreted and applied, often before more formal, permanent regulations are developed.
IRS Notice
A formal announcement or publication by the IRS that provides guidance to taxpayers and IRS personnel on specific tax matters, often clarifying the application of tax law.
Roll Call #35
Party-Line
On the Motion to Proceed S.J.Res. 95
Motion to Proceed Rejected (47-51)Requires ½ majority
47 Yes51 No2 NV
47 Yes51 No2 NV
Requires: Simple MajorityD majority: yesR majority: no
