HR 4320 · 117th Congress · Taxation

Help Our Businesses Recover Act of 2021

Introduced 2021-07-01· Sponsored by Rep. Kim, Andy [D-NJ-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2021-07-01)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

1 Democrat1 Republican
Rep. Suozzi, Thomas R. [D-NY-3]NY
Rep. Garbarino, Andrew R. [R-NY-2]NY