Ending Corporate Greed Act
Taxation
house
senate
president
Introduced on June 21, 2024 by Jamaal Bowman
Legislation Details
Last updated 10/11/2024
Introduced on June 21, 2024 by Jamaal Bowman
Last updated 10/11/2024
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.