HR 8988 · 116th Congress · Taxation
Save Jobs During the Pandemic Act of 2020
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2020-12-16)
Plain Language Summary
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Save Jobs During the Pandemic Act of 2020 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.…
Summarized by Claude AI · Non-partisan · For informational purposes only