Bill117th CongressFiled Aug 9, 2021Taxation
S. 2680
Real Corporate Profits Tax Act of 2021
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
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What it doesSummary introduced in senate (Aug 9, 2021)
Real Corporate Profits Tax Act of 2021
This bill imposes an additional 7% tax on the adjusted net book income of a corporation that exceeds $100 million. It also allows a credit for a taxpayer, other than an S corporation, for a specified percentage of the taxpayer's net regular tax liability.
What just happenedAug 9, 2021
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Warren, Elizabeth [D-MA](D-MA)Sponsor
4 cosponsors3 D1 I
4cosponsors1committees2actions1related bills5subjects
- Introduced in SenateAug 9, 2021
- Aug 9, 2021IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Aug 9, 2021IntroReferral10000
Introduced in Senate