Legis Daily

Ending Corporate Greed Act

USA118th CongressS-4642| Senate 
| Updated: 7/9/2024
Bernard Sanders

Bernard Sanders

Independent Senator

Vermont

Cosponsors (1)
Edward J. Markey (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 117-3933
Ending Corporate Greed Act
Jun 21, 2024

Latest Companion Bill Action

HR 118-8797
Introduced in House
Jul 9, 2024
Introduced in Senate
Jul 9, 2024
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 117-3933
    Ending Corporate Greed Act


  • June 21, 2024

    Latest Companion Bill Action

    HR 118-8797
    Introduced in House


  • July 9, 2024
    Introduced in Senate


  • July 9, 2024
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 118-8797: Ending Corporate Greed Act

Ending Corporate Greed Act

USA118th CongressS-4642| Senate 
| Updated: 7/9/2024
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 117-3933
Ending Corporate Greed Act
Jun 21, 2024

Latest Companion Bill Action

HR 118-8797
Introduced in House
Jul 9, 2024
Introduced in Senate
Jul 9, 2024
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 117-3933
    Ending Corporate Greed Act


  • June 21, 2024

    Latest Companion Bill Action

    HR 118-8797
    Introduced in House


  • July 9, 2024
    Introduced in Senate


  • July 9, 2024
    Read twice and referred to the Committee on Finance.
Bernard Sanders

Bernard Sanders

Independent Senator

Vermont

Cosponsors (1)
Edward J. Markey (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 118-8797: Ending Corporate Greed Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted