HR 8797 · 118th Congress · Taxation
Ending Corporate Greed Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2024-06-21)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (4)
4 Democrats