Skip to main content
HR 3056 102th Congress House Taxation Business income tax Earnings Income tax Tax deductions

Income Disparities Act of 1991

Introduced: July 25, 1991 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 1991
Referred to the House Committee on Ways and Means.
Jul 25, 1991
Introduced in House
 Plain-English summary Congressional Research Service

Income Disparities Act of 1991 - Amends the Internal Revenue Code to disallow a trade or business expense deduction for any excessive compensation. Describes excessive compensation as that paid or incurred by an employer for the personal services of an employee which exceeds an amount equal to 25 times the lowest compensation paid or incurred by such employer for the personal services of any other employee.

What's happening now July 25, 1991

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1