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- S.991
S.991: Corporate Tax Dodging Prevention Act
About This Bill
- Introduced March 25, 2021
- Latest Major Action March 25, 2021
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - March 25, 2021
Bill Summary
Corporate Tax Dodging Prevention Act This bill modifies tax provisions relating to certain large domestic and foreign corporations to prevent offshoring of jobs and factories and tax evasion. Specifically, the bill restores higher tax rates on the taxable income of corporations and personal service corporations (up to 35% on taxable income exceeding $10 million); revises the definition of subpart F income for controlled foreign corporations...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
March 25, 2021 |
Read twice and referred to the Committee on Finance.
|
March 25, 2021 |
Introduced in the Senate by Bernard Sanders (ID-Vt.) |