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Help Our Businesses Recover Act of 2021

USA117th CongressHR-4320| House 
| Updated: 7/1/2021
Andy Kim

Andy Kim

Democratic Representative

New Jersey

Cosponsors (2)
Thomas R. Suozzi (Democratic)Andrew R. Garbarino (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Jul 1, 2021
Introduced in House
Jul 1, 2021
Referred to the House Committee on Ways and Means.
  • July 1, 2021
    Introduced in House


  • July 1, 2021
    Referred to the House Committee on Ways and Means.

Taxation

Income tax rates

Help Our Businesses Recover Act of 2021

USA117th CongressHR-4320| House 
| Updated: 7/1/2021
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.
View Full Text

Suggested Questions

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

Timeline
Jul 1, 2021
Introduced in House
Jul 1, 2021
Referred to the House Committee on Ways and Means.
  • July 1, 2021
    Introduced in House


  • July 1, 2021
    Referred to the House Committee on Ways and Means.
Andy Kim

Andy Kim

Democratic Representative

New Jersey

Cosponsors (2)
Thomas R. Suozzi (Democratic)Andrew R. Garbarino (Republican)

Ways and Means Committee

Taxation

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