Reinstates a bank tax based on the highest of four bases: a tax on allocated entire net income, a tax on allocated alternative entire net income, a tax on allocated taxable assets, or a fixed dollar minimum tax; prohibits banks from segregating their income and capital into business and investment varieties.
- Chamber
- House
- Introduced
- Apr 4, 2025
- Last action
- Jan 7, 2026 — REFERRED TO WAYS AND MEANS
- Session
- 2025-2026
- Momentum
- 27 · Low