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Save Jobs During the Pandemic Act of 2020

USA116th CongressHR-8988| House 
| Updated: 12/16/2020
Andy Kim

Andy Kim

Democratic Representative

New Jersey

Cosponsors (2)
Peter T. King (Republican)Thomas R. Suozzi (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Dec 16, 2020
Introduced in House
Dec 16, 2020
Referred to the House Committee on Ways and Means.
  • December 16, 2020
    Introduced in House


  • December 16, 2020
    Referred to the House Committee on Ways and Means.

Taxation

Income tax rates

Save Jobs During the Pandemic Act of 2020

USA116th CongressHR-8988| House 
| Updated: 12/16/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Dec 16, 2020
Introduced in House
Dec 16, 2020
Referred to the House Committee on Ways and Means.
  • December 16, 2020
    Introduced in House


  • December 16, 2020
    Referred to the House Committee on Ways and Means.
Andy Kim

Andy Kim

Democratic Representative

New Jersey

Cosponsors (2)
Peter T. King (Republican)Thomas R. Suozzi (Democratic)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Income tax rates