Pipeline · Bill → Law
Step 1
Introduced
Jun 21, 2024
Step 2
Referred
Jun 21, 2024
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS 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.
Timeline · 2 actions
Jun 21, 2024
Introduced in House
Jun 21, 2024
Referred to the House Committee on Ways and Means.