Build Back Better Act

123456789101112
Across
  1. 4. What does the AICPA submit as a means of voicing their opinion on the proposed legislation?
  2. 5. The bonus rate for green energy incentive is ___ times the base rate, and it would apply to projects that meet certain prevailing wage and apprenticeship requirements.
  3. 8. The bill would provide more funding for IRS__________, technology, and customer service.
  4. 9. The bill would impose a tax equal to 1% of the fair market value of any corporate stock _____.
  5. 11. The bill would increase the 9% _______ credit and small state minimums under the low-income housing credit for the years 2022–2025 and makes other changes to the credit.
  6. 12. The bill would increase the limitation on the deduction for SALT from ten thousand to _________ thousand.
Down
  1. 1. The bill would impose a ____ percent minimum tax on the profits of corporations that report over $1 billion in profits to shareholders.
  2. 2. The Build ____ Better Act was passed by a vote of 220-213 in the House of Representatives
  3. 3. The bill would create a new Sec. 1A, imposing a ____ on high-income individuals, estates, and trusts.
  4. 6. The bill ___ all employee after-tax contributions in qualified plans and after-tax IRA contributions from being converted to a Roth IRA regardless of income level, effective for distributions, transfers, and contributions made after Dec. 31, 2021.
  5. 7. How many years will the child tax credit be extended by?
  6. 10. The bill would amend Sec. 1202 to disallow the 75% and 100% exclusion of gain from the sale of stock if the taxpayer's AGI is ______ $400,000 or if the taxpayer is a trust or estate.