118th Congress Taxation
H.R. 8797: Ending Corporate Greed Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Pramila Jayapal D-WAOriginal
- Janice Schakowsky D-ILOriginal
- Rashida Tlaib D-MIOriginal
- Delia Ramirez D-IL
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History
- Introduced in the House by Jamaal Bowman.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.