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- H.R.7443
H.R.7443: Ending Corporate Greed Act
About This Bill
- Introduced April 7, 2022
- Latest Major Action April 7, 2022
Bill Sponsor
Bill Cosponsors
4 (All Democrats)
Bill Version
- Introduced in House - April 7, 2022
Bill Summary
Ending Corporate Greed Act This bill imposes a tax through 2024 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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| April 7, 2022 |
Referred to the House Committee on Ways and Means.
|
| April 7, 2022 |
Introduced in the House by Jamaal Bowman (D-N.Y.) |