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HR 4639 117th Congress House

Tax Credit Restoration Act of 2021

Official title: To amend the Internal Revenue Code of 1986 to better coordinate the base erosion and anti-abuse tax with certain credits.

Introduced: July 22, 2021 Introduced by: DelBene, Suzan K. Democratic · Washington See on congress.gov
Taxation
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 22, 2021
Referred to the House Committee on Ways and Means.
Jul 22, 2021
Introduced in House
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 Latest action July 22, 2021

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Tax Credit Restoration Act of 2021

This bill requires the calculation of the base erosion minimum tax amount without regard to any offsetting credits. The base erosion and anti-abuse tax is levied on certain large corporations with deductions for amounts paid or accrued to foreign-related parties that are greater than 3% of their total deductions (2% in the case of certain banks or registered securities dealers).

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 4639: Tax Credit Restoration Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-4639/
MLA
"H.R. 4639: Tax Credit Restoration Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-4639/.
Bluebook (legal)
H.R. 4639, 117th Cong. (2026), https://openamerica.io/bill/117-HR-4639/.
Markdown link
[H.R. 4639: Tax Credit Restoration Act of 2021](https://openamerica.io/bill/117-HR-4639/)
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