H.R. 4940 · 117th Congress
Real Corporate Profits Tax Act of 2021
- Stage
- In committee
- Sponsor
- Donald Beyer
- Introduced
- 2021-08-06
- Latest action
- 2021-08-06 · Introduced in House
Summary
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.