3.0.0 4940 2023-01-01T20:19:39Z 2023-01-01T20:19:39Z House HR 2021-08-06 117 [Congressional Record Volume 167, Number 141 (Friday, August 6, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BEYER:H.R. 4940.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H4320]]]> hswm00 Ways and Means Committee House Standing Referred to 2021-08-06T16:01:25Z Real Corporate Profits Tax Act of 2021 117 2680 S 2021-08-09 Read twice and referred to the Committee on Finance. Identical bill CRS 2021-08-06 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2021-08-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-08-06 Introduced in House IntroReferral 1000 9 Library of Congress B001292 Rep. Beyer, Donald S., Jr. [D-VA-8] Donald Beyer D VA S. 8 N P000618 Rep. Porter, Katie [D-CA-45] Katie Porter D CA 45 2021-10-28 False Taxation Accounting and auditing Corporate finance and management Income tax credits Income tax rates Tax administration and collection, taxpayers Taxation 00 2021-08-06 Introduced in House 2021-09-21T20:17:26Z 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.

]]> Real Corporate Profits Tax Act of 2021 Official Title as Introduced To amend the Internal Revenue Code of 1986 to impose a tax on real profits of certain corporations. Introduced in House IH Display Title Real Corporate Profits Tax Act of 2021 Short Title(s) as Introduced Real Corporate Profits Tax Act of 2021 Introduced in House IH Introduced in House 2021-08-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr4940ih/xml/BILLS-117hr4940ih.xml 2021-08-06 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.