HR 8988 116th Congress House Taxation Income tax rates

Save Jobs During the Pandemic Act of 2020

Introduced: December 16, 2020 Introduced by: Kim, Andy Democratic · New Jersey See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Dec 16, 2020

Referred to the House Committee on Ways and Means.

Dec 16, 2020

Introduced in House

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Plain-English summary Congressional Research Service

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's happening now December 16, 2020

Referred to the House Committee on Ways and Means.

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Ways and Means Committee
House of Representatives

Cosponsors 2

KING, PETER

· Dec 16, 2020

Suozzi, Thomas R.

New York · Dec 16, 2020

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APA

U.S. Congress. (2026). H.R. 8988: Save Jobs During the Pandemic Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-8988/

MLA

"H.R. 8988: Save Jobs During the Pandemic Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-8988/.

Bluebook (legal)

H.R. 8988, 116th Cong. (2026), https://openamerica.io/bill/116-HR-8988/.

Markdown link

[H.R. 8988: Save Jobs During the Pandemic Act of 2020](https://openamerica.io/bill/116-HR-8988/)