HR 4825 · 108th Congress · Taxation

Excess War Profits Act of 2004

Introduced 2004-07-13· Sponsored by Rep. Owens, Major R. [D-NY-11]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2004-07-13)

Plain Language Summary

[AI summary unavailable — showing source text] Excess War Profits Act of 2004 - Amends the Internal Revenue Code to impose an additional tax of 15 percent of taxable income attributable to contracts with the United States specifically for goods or services for the war in Iraq. Exempts amounts received by members of the U.S. Armed Forces or Federal employees for their services from such tax.…

Summarized by Claude AI · Non-partisan · For informational purposes only