3.0.0 8988 2023-01-11T13:43:58Z 2023-01-11T13:43:58Z House HR 2020-12-16 116 [Congressional Record Volume 166, Number 213 (Wednesday, December 16, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KIM:H.R. 8988.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the Constitution[Page H7229]]]> hswm00 Ways and Means Committee House Standing Referred to 2020-12-16T17:02:05Z 2020-12-16 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2020-12-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-12-16 Introduced in House IntroReferral 1000 9 Library of Congress K000394 Rep. Kim, Andy [D-NJ-3] Andy Kim D NJ 3 N S001201 Rep. Suozzi, Thomas R. [D-NY-3] Thomas Suozzi D NY R. 3 2020-12-16 True K000210 Rep. King, Peter T. [R-NY-2] PETER KING R NY T. 2 2020-12-16 True Taxation Income tax rates Taxation 00 2020-12-16 Introduced in House 2021-02-10T15:59:11Z Save Jobs During the Pandemic Act of 2020

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.

]]> Save Jobs During the Pandemic Act of 2020 Display Title Save Jobs During the Pandemic Act of 2020 Short Title(s) as Introduced Save Jobs During the Pandemic Act of 2020 Introduced in House IH Official Title as Introduced To amend the Internal Revenue Code of 1986 to reduce the base erosion minimum tax rate for taxable years ending in 2020. Introduced in House IH Introduced in House 2020-12-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr8988ih/xml/BILLS-116hr8988ih.xml 2020-12-16 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.