Skip to main content
S 2680 117th Congress Senate Taxation Accounting and auditing Corporate finance and management Income tax credits Income tax rates Tax administration and collection, taxpayers

Real Corporate Profits Tax Act of 2021

Introduced: August 9, 2021 Introduced by: Warren, Elizabeth Democratic · Massachusetts See on congress.gov
Sign in to write a letter Sign in to watch
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
Aug 9, 2021
Read twice and referred to the Committee on Finance.
Aug 9, 2021
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

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's happening now August 9, 2021

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 4940 Identical bill Real Corporate Profits Tax Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 3 Independent 1
I
King, Angus S., Jr.
Maine · Aug 9, 2021
 D
Markey, Edward J.
Massachusetts · Aug 9, 2021
 D
Merkley, Jeff
Oregon · Aug 9, 2021
 D
Whitehouse, Sheldon
Rhode Island · Aug 9, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2680: Real Corporate Profits Tax Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-2680/
MLA
"S. 2680: Real Corporate Profits Tax Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2680/.
Bluebook (legal)
S. 2680, 117th Cong. (2026), https://openamerica.io/bill/117-S-2680/.
Markdown link
[S. 2680: Real Corporate Profits Tax Act of 2021](https://openamerica.io/bill/117-S-2680/)
Report a problem