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United States · Bill · HR

H.R. 4320 (117th)

Help Our Businesses Recover Act of 2021

referredUnited States· United States Congress· EN

Introduced

1 July 2021

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

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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Documents

3 official files

Introduced in House (text)

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Sources

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