Ending Corporate Greed Act
Summary
Ending Corporate Greed Act This bill imposes a tax through 2026 on certain corporations (corporations other than regulated investment companies, real estate investment trusts, or S corporations) that have average annual gross receipts for a three-year period of at least $500 million. The tax is 95% of what are deemed excess profits for a taxable year.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2024
Committee Review
Floor Vote
President
Introduced Jun 21, 2024
Last action Jun 21, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 21, 2024
Committee
Referred to the House Committee on Ways and Means.
lower
Jun 21, 2024
Introduced
Introduced in House
lower
1 primary · 4 co-sponsors
Sponsors
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