House Bill 8988
116th Congress(2019-2020)
Save Jobs During the Pandemic Act of 2020
Introduced
Introduced in House on Dec 16, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
8988
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
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.
December 16, 2020
12/16/2020
Referred to the House Committee on Ways and Means.
12/16/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:43:58 PM