HR 3876
110th Congress
House
Taxation
Commerce
Executive compensation
Government Operations and Politics
Government paperwork
Income tax
Labor and Employment
Tax deductions
Wages
Income Equity Act of 2007
Introduced: October 17, 2007
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 17, 2007
Referred to the House Committee on Ways and Means.
Oct 17, 2007
Introduced in House
Plain-English summary
Income Equity Act of 2007 - Amends the Internal Revenue Code to: (1) deny employers a tax deduction for payments of excessive compensation to any employee (i.e., more than 25 times the lowest compensation paid any other employee); and (2) require such employers to file a report on compensation paid to their employees with the Secretary of the Treasury.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1