3.0.0 8797 2024-10-10T20:15:49Z 2024-10-10T20:15:49Z House H HR 2024-06-21 118 [Congressional Record Volume 170, Number 105 (Friday, June 21, 2024)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BOWMAN:H.R. 8797.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1The single subject of this legislation is:Tax on corporate windfall profits[Page H4120]]]> hswm00 Ways and Means Committee House Standing Referred to 2024-06-21T13:00:35Z Ending Corporate Greed Act 118 4642 S 2024-07-09 Read twice and referred to the Committee on Finance. Identical bill CRS 2024-06-21 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2024-06-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2024-06-21 Introduced in House IntroReferral 1000 9 Library of Congress B001223 Rep. Bowman, Jamaal [D-NY-16] Jamaal Bowman D NY 16 N J000298 Rep. Jayapal, Pramila [D-WA-7] Pramila Jayapal D WA 7 2024-06-21 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] Janice Schakowsky D IL D. 9 2024-06-21 True T000481 Rep. Tlaib, Rashida [D-MI-12] Rashida Tlaib D MI 12 2024-06-21 True R000617 Rep. Ramirez, Delia C. [D-IL-3] Delia Ramirez D IL C. 3 2024-09-10 False Taxation Taxation 2024-08-23T12:18:45Z 00 2024-06-21 Introduced in House 2024-10-10T20:14:01Z 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.

]]> Ending Corporate Greed Act Display Title 45 Ending Corporate Greed Act 2024-08-08T03:53:17Z Short Title(s) as Introduced 101 Ending Corporate Greed Act 2024-08-08T03:53:16Z Introduced in House IH Official Title as Introduced 6 To amend the Internal Revenue Code of 1986 to impose an income tax on excess profits of certain corporations. 2024-08-08T03:48:22Z Introduced in House IH Introduced in House 2024-06-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr8797ih/xml/BILLS-118hr8797ih.xml 2024-06-21 Referred to the House Committee on Ways and Means. 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.