3.0.0 3933 2022-12-29T22:33:28Z 2022-12-29T22:33:28Z Senate S 2022-03-28 117 ssfi00 Finance Committee Senate Standing Referred to 2022-03-28T20:14:59Z Ending Corporate Greed Act 117 7443 HR 2022-04-07 Referred to the House Committee on Ways and Means. Identical bill CRS 2022-03-28 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2022-03-28 Introduced in Senate IntroReferral 10000 9 Library of Congress S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT N M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2022-03-28 True Taxation Taxation 00 2022-03-28 Introduced in Senate 2022-03-30T12:58:14Z Ending Corporate Greed Act

This bill imposes a tax through 2024 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.

]]> Ending Corporate Greed Act Display Title Ending Corporate Greed Act Short Title(s) as Introduced Ending Corporate Greed Act Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to impose an income tax on excess profits of certain corporations. Introduced in Senate IS Introduced in Senate 2022-03-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s3933is/xml/BILLS-117s3933is.xml 2022-03-28 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.