Excess War Profits Act of 2004
Last action on Jul 13, 2004Referred to the House Committee on Ways and Means.
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Summary
Excess War Profits Act of 2004 - Amends the Internal Revenue Code to impose an additional tax of 15 percent 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.
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