S. 4642 · 118th Congress · Senate

Ending Corporate Greed Act

Active· Read twice and referred to the Committee on Finance.
Introduced
Jul 9, 24
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

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. 

Action Timeline

2
  1. JUL 09, 2024IntroReferral

    Introduced in Senate

  2. JUL 09, 2024IntroReferral

    Read twice and referred to the Committee on Finance.

Committees

1

Finance Committee

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Referred: Jul 9, 2024

Active