H.R. 4853 · 109th Congress
Excess War Profits Act of 2006
- Stage
- In committee
- Sponsor
- Major Owens
- Introduced
- 2006-03-02
- Latest action
- 2006-03-02 · Introduced in House
Summary
Excess War Profits Act of 2006 - Amends the Internal Revenue Code to impose an additional tax of 15% 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.