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- H.R.4940
H.R.4940: Real Corporate Profits Tax Act of 2021
About This Bill
- Introduced Aug. 6, 2021
- Latest Major Action Aug. 6, 2021
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - Aug. 6, 2021
Bill Summary
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.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Aug. 6, 2021 |
Referred to the House Committee on Ways and Means.
|
| Aug. 6, 2021 |
Introduced in the House by Donald Beyer (D-Va.) |