What it is
Proposal for a 10% surcharge on bank profits
Admitted step 2 of 7 · UnfinishedIt is a members’ bill. Introduced by parliamentary groups, the Senate, regional governments or citizens. It was introduced on 10 July 2019. Introduced by: Grupo Parlamentario Confederal de Unidas Podemos-En Comú Podem-Galicia en Común.
Official title: Private member's bill on the creation of a solidarity surcharge on the banking sector.
Source: Congreso de los Diputados, file 122/000029· updated 11 Nov
Automatic summary, not yet reviewed
- The bill would raise the Corporate income tax The personal income tax (IRPF in Spain): what people pay on what they earn from work, business or savings. rate for credit institutions by 10 percentage points for five years, with possible extensions, starting with tax periods beginning in 2019.
- The explanatory statement justifies the surcharge by the public aid given to banks during the crisis, which the text puts at more than 60,000 million euros unrecovered, and by the sector's low effective tax payments.
- The text estimates revenue of around 1,000 million euros in the first year and about 5,800 million euros over five years.
- The law would take effect the day after its publication in the Official State Gazette (Boletín Oficial del Estado), except for measures that reduce the current budget's revenue, which would take effect the following fiscal year.
Who it affects
- Credit institutions (banks): They would pay a Corporate Income Tax rate 10 points higher for five years, with possible extensions.
- The State: It would collect, according to the text's estimate, about 1,000 million euros in the first year and about 5,800 million over five years.
Words worth knowing
- Impuesto de Sociedades
- Corporate Income Tax, the tax companies pay on their profits.
- Entidades de crédito
- Credit institutions: banks and other entities that take deposits from the public and grant loans.
- Tipo de gravamen
- Tax rate, the percentage applied to the base to calculate how much tax is due.
- Proposición de ley
- A bill: a text in the form of a law introduced by members of Congress, not yet approved or in force.
- income tax
- The personal income tax (IRPF in Spain): what people pay on what they earn from work, business or savings.
It summarizes the text as it was introduced. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries
Where it stands
How far did it get?
It took 2 of 7 steps. It reached Admitted, and today it is unfinished.
- Introduced10 July 2019Someone registers the text in the Congreso.
- Admitted16 July 2019The Bureau of the Congreso accepts it and, for a members’ bill, the plenary decides whether to consider it.
- Amendmentsnot reachedGroups propose changes.
- Committeenot reachedA committee goes through the text in detail.
- Plenarynot reachedAll 350 deputies vote.
- Senatenot reachedThe Senate can pass it, amend it or veto it.
- BOEnot reachedIt is published in the Official State Gazette (BOE) and comes into force.
See the 5 official steps on a timeline
Was there a plenary vote?
We have no plenary vote linked to this law in the Congreso’s data.
What happens next
What happens now?
The legislature ended before it finished. To go on, someone would have to introduce it again in the new Cortes.
It has not been presented again yet.
Sources
Where does all this come from?
- Congreso de los Diputados, file 122/000029
Official title, type, author, dates and stage.
Retrieved 11 November 2026
- The data comes from the open files of the Congreso, the Senate and the BOE, unaltered.
- Each deputy’s province is the one of their seat on the day of the vote.
- We only say “passed” or “rejected” when the majority needed is certain; otherwise we say which side had more votes.