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United States · Bill · HR

H.R. 4940 (117th)

Real Corporate Profits Tax Act of 2021

referredUnited States· United States Congress· EN

Introduced

6 August 2021

Last action

6 August 2021 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Beyer, Donald S. [D-VA-8], Rep. Porter, Katie [D-CA-47]

Subjects

Taxation

Source updated

10 January 2026

Taxation

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 6 August 2021

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 6 August 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 6 August 2021

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 6 August 2021

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 6 August 2021

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 6 August 2021

    Open at official source

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Sponsors

Related records

Sources

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