HR 8797
118th Congress
House
Taxation
Ending Corporate Greed Act
Introduced: June 21, 2024
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 21, 2024
Referred to the House Committee on Ways and Means.
Jun 21, 2024
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1