US HB2103 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Democrat 50-0)
Status: Introduced on April 29 2015 - 25% progression, died in committee
Action: 2015-04-29 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 29 2015 - 25% progression, died in committee
Action: 2015-04-29 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Stop Subsidizing Multimillion Dollar Corporate Bonuses Act Amends the Internal Revenue Code, with respect to the $1 million limitation on the deductibility of employee compensation, to: (1) extend such limitation to any individual who is a current or former officer, director, or employee of a publicly-held corporation; (2) eliminate the exemption from such limitation for compensation payable on a commission basis or upon the attainment of a performance goal; and (3) make such limitation applicable to all publicly-held corporations that are required by the Securities and Exchange Commission to register securities and provide periodic reports to their investors.
Title
Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
Sponsors
History
Date | Chamber | Action |
---|---|---|
2015-04-29 | House | Referred to the House Committee on Ways and Means. |
2015-04-29 | House | Introduced in House |
Same As/Similar To
SB1127 (Related) 2015-04-29 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2532)
SB2677 (Related) 2016-03-15 - Read twice and referred to the Committee on Finance.
SB2677 (Related) 2016-03-15 - Read twice and referred to the Committee on Finance.
Subjects
Administrative law and regulatory procedures
Corporate finance and management
Department of the Treasury
Income tax deductions
Taxation
Wages and earnings
Corporate finance and management
Department of the Treasury
Income tax deductions
Taxation
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/2103/all-info |
Text | https://www.congress.gov/114/bills/hr2103/BILLS-114hr2103ih.pdf |