H.R. 8797 · 118th Congress
Ending Corporate Greed Act
- Stage
- In committee
- Sponsor
- Jamaal Bowman
- Introduced
- 2024-06-21
- Latest action
- 2024-06-21 · Introduced in House
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.