S 2680 · 117th Congress

Real Corporate Profits Tax Act of 2021

<p><strong>Real Corporate Profits Tax Act of 2021</strong></p> <p>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 liabi…

Sponsor

Warren, Elizabeth (D-MA)

Introduced

2021-08-09

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.