Bill117th CongressFiled Aug 6, 2021Taxation
H.R. 4940
Real Corporate Profits Tax 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 (Aug 6, 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 6, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Beyer, Donald S., Jr. [D-VA-8](D-VA)Sponsor
1 cosponsor1 D
1cosponsors1committees3actions1related bills5subjects
- Introduced in HouseAug 6, 2021
- Aug 6, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Aug 6, 2021IntroReferralIntro-H
Introduced in House
- Aug 6, 2021IntroReferral1000
Introduced in House