Bill118th CongressFiled Jun 21, 2024Taxation
H.R. 8797
Ending Corporate Greed Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jun 21, 2024)
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.
What just happenedJun 21, 2024
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Bowman, Jamaal [D-NY-16](D-NY)Sponsor
4 cosponsors4 D
4cosponsors1committees3actions1related bills
- Introduced in HouseJun 21, 2024
- Jun 21, 2024IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jun 21, 2024IntroReferralIntro-H
Introduced in House
- Jun 21, 2024IntroReferral1000
Introduced in House