To amend the Internal Revenue Code of 1986 to impose an additional tax on taxable income attributable to contracts with the United States for goods and services for the war in Iraq.
Excess War Profits Act of 2006 - Amends the Internal Revenue Code to impose an additional tax of 15% of taxable income attributable to contracts with the United States specifically for goods or services for the war in Iraq. Exempts amounts received by members of the U.S. Armed Forces or federal employees for their services from such tax.
Referred to the Subcommittee on Railroads.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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