Senate bill S4642-118

Finance Committee

Ending Corporate Greed Act

• Last activity on Jul 09, 2024

• Introduced Jul 09, 2024

• By Sen. Sanders, Bernard [I-VT]

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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.

Senate Actions

IntroReferral
Jul. 09 2024	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
Jul. 09 2024	Introduced in Senate

Senate bill S4642-118

Ending Corporate Greed Act

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