Help Our Businesses Recover Act of 2021
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2021
Committee Review
Floor Vote
President
Introduced Jul 1, 2021
Last action Jul 1, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jul 1, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
Jul 1, 2021
Introduced
Introduced in House
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Andy Kim
DDemocratic
Co
Andrew R. Garbarino
RRepublican
Co
Thomas R. Suozzi
DDemocratic
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