Real Corporate Profits Tax Act of 2021
USA117th CongressS-2680| Senate
| Updated: 8/9/2021
Elizabeth Warren
Democratic Senator
Massachusetts
Cosponsors (4)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Accounting and auditingCorporate finance and managementIncome tax creditsIncome tax ratesTax administration and collection, taxpayers
Real Corporate Profits Tax Act of 2021
USA117th CongressS-2680| Senate
| Updated: 8/9/2021
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Elizabeth Warren
Democratic Senator
Massachusetts
Cosponsors (4)
Finance Committee
Taxation
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Accounting and auditingCorporate finance and managementIncome tax creditsIncome tax ratesTax administration and collection, taxpayers