Bill117th CongressFiled Jul 1, 2021Taxation
H.R. 4320
Help Our Businesses Recover Act of 2021
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jul 1, 2021)
Help Our Businesses Recover Act of 2021
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 happenedJul 1, 2021
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 HouseJul 1, 2021
- Jul 1, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jul 1, 2021IntroReferralIntro-H
Introduced in House
- Jul 1, 2021IntroReferral1000
Introduced in House