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Ending Corporate Greed Act
12/29/2022, 10:33 PM
Congressional Summary of S 3933
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.
Read the Full Bill
Current Status of Bill S 3933
Bill S 3933 is currently in the status of Bill Introduced since March 28, 2022. Bill S 3933 was introduced during Congress 117 and was introduced to the Senate on March 28, 2022. Bill S 3933's most recent activity was Read twice and referred to the Committee on Finance. as of March 28, 2022
Bipartisan Support of Bill S 3933
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
0Unaffiliated Sponsors
1Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3933
Primary Policy Focus
TaxationAlternate Title(s) of Bill S 3933
Ending Corporate Greed Act
Ending Corporate Greed Act
A bill to amend the Internal Revenue Code of 1986 to impose an income tax on excess profits of certain corporations.
Comments
Sponsors and Cosponsors of S 3933
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