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H.R. 8988

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to reduce the base erosion minimum tax rate for taxable years ending in 2020.
About This Bill
Committee
Latest Action · December 16, 2020
Referred to the House Committee on Ways and Means.
Congress
116th (2019–2021)
Introduced
December 16, 2020
Cosponsors (2)
1D 1R
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Summary

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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.

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