US SB1007 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 7 2009 - 25% progression, died in committee
Action: 2009-06-02 - Referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 7 2009 - 25% progression, died in committee
Action: 2009-06-02 - Referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Excessive Pay Capped Deduction Act of 2009 - Amends the Internal Revenue Code to deny employers a tax deduction for excessive compensation paid to any employee. Defines: (1) "compensation" to include wages, salary, fees, commissions, fringe benefits, deferred compensation, retirement contributions, options, bonuses, and property; and (2) "excessive compensation" as the amount by which an employee's compensation exceeds 100 times the average compensation paid to all other employees.
Title
Excessive Pay Capped Deduction Act of 2009
Sponsors
| Sen. Richard Durbin [D-IL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-06-02 | Referred to the Committee on Finance. | |
| 2009-06-02 | Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. | |
| 2009-05-07 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5291) |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/senate-bill/1007/all-info |
| Text | https://www.congress.gov/111/bills/s1007/BILLS-111s1007is.pdf |
