HR 4940 · 117th Congress · Taxation

Real Corporate Profits Tax Act of 2021

Introduced 2021-08-06· Sponsored by Rep. Beyer, Donald S., Jr. [D-VA-8]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2021-08-06)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

Cosponsors (1)

1 Democrat
Rep. Porter, Katie [D-CA-45]CA