BGOV Bill Analysis: S. J. Res. 95, Block Corporate AMT Guidance

Trump administration guidance that created new options for partnerships and their partners to calculate income subject to the 15% minimum corporate tax would be repealed using the Congressional Review Act under S. J. Res. 95.

The Treasury Department issued guidance in July 2025 (IRS Notice 2025-28) allowing partnerships and their partners to use two alternative ways to calculate the amount of a partner’s income that’s used to calculate the corporate alternative minimum tax.

Under Democrats’ sweeping tax-and-climate law (Public Law 117-169), corporations with average yearly profits of at least $1 billion over the previous ...