TN SB1511 | 2023-2024 | 113th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 2 2023 - 25% progression, died in chamber
Action: 2023-02-14 - Refer to Senate F,W&M Revenue Subcommittee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on February 2 2023 - 25% progression, died in chamber
Action: 2023-02-14 - Refer to Senate F,W&M Revenue Subcommittee
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, enacts the "CEO Pay Disparity Tax Act," which imposes a pay disparity surcharge in the amount of an additional 0.1 percent to the standard 6.5 percent excise tax rate on each company whose top executive is paid at least 100 times more than the median income of the company's employees. - Amends TCA Title 67, Chapter 4.
Title
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, relative to the "CEO Pay Disparity Tax Act."
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-02-14 | Senate | Refer to Senate F,W&M Revenue Subcommittee |
| 2023-02-06 | Senate | Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee |
| 2023-02-02 | Senate | Introduced, Passed on First Consideration |
| 2023-02-02 | Senate | Filed for introduction |
Same As/Similar To
HB0747 (Crossfiled) 2024-01-10 - Sponsor change.
