H.R. 4320 · 117th Congress
Help Our Businesses Recover Act of 2021
- Stage
- In committee
- Sponsor
- Andy Kim
- Introduced
- 2021-07-01
- Latest action
- 2021-07-01 · Introduced in House
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.