US HB5066 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 19-0)
Status: Introduced on November 13 2019 - 25% progression
Action: 2019-11-13 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Tax Excessive CEO Pay Act of 2019 This bill requires an increase in the corporate income tax rate based upon the ratio of compensation paid to the corporation's highest paid employee to median worker compensation. The pay ratios range from greater than 50 to 1 (0.5% increase) to greater than 500 to 1 (5% increase). The bill exempts corporations whose average annual gross receipts during a three-year period are less than $100 million from the rate increase.

Tracking Information

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Title

Tax Excessive CEO Pay Act of 2019

Sponsors


History

DateChamberAction
2019-11-13HouseReferred to the House Committee on Ways and Means.
2019-11-13HouseIntroduced in House

Same As/Similar To

SB2849 (Same As) 2019-11-13 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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