United States · Bill · HR
H.R. 4639 (117th)
Tax Credit Restoration Act of 2021
Introduced
22 July 2021
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Tax Credit Restoration Act of 2021 This bill requires the calculation of the base erosion minimum tax amount without regard to any offsetting credits. The base erosion and anti-abuse tax is levied on certain large corporations with deductions for amounts paid or accrued to foreign-related parties that are greater than 3% of their total deductions (2% in the case of certain banks or registered securities dealers).
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 22 July 2021
Introduced in House (PDF)
Introduced in House · EN · 22 July 2021
Introduced in House
summary · EN · 22 July 2021
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/house-bill/4639
- Open data entity: https://api.congress.gov/v3/bill/117/hr/4639