Bill116th CongressFiled Dec 16, 2020Taxation
H.R. 8988
Save Jobs During the Pandemic Act of 2020
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Dec 16, 2020)
Save Jobs During the Pandemic Act of 2020
This bill eliminates, for taxable years ending in 2020, the base erosion minimum tax rate applicable to certain large corporations that have deductions with respect to amounts paid or accrued to foreign-related parties exceeding 3% of their total deductions.
What just happenedDec 16, 2020
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Kim, Andy [D-NJ-3](D-NJ)Sponsor
2 cosponsors1 D1 R
2cosponsors1committees3actions1subjects
- Introduced in HouseDec 16, 2020
- Dec 16, 2020IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Dec 16, 2020IntroReferralIntro-H
Introduced in House
- Dec 16, 2020IntroReferral1000
Introduced in House