HR 4320
117th Congress
House
Taxation
Income tax rates
Help Our Businesses Recover Act of 2021
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 1, 2021
Referred to the House Committee on Ways and Means.
Jul 1, 2021
Introduced in House
Plain-English summary
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's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1