HR 1542
111th Congress
House
Taxation
Corporate finance and management
Financial crises and stabilization
Income tax rates
Wages and earnings
To amend the Internal Revenue Code of 1986 to impose a 100 percent tax on bonuses paid by businesses that receive TARP assistance and are majority owned by the Federal Government.
Introduced: March 17, 2009
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2009
Referred to the House Committee on Ways and Means.
Mar 17, 2009
Sponsor introductory remarks on measure. (CR H3448)
Mar 17, 2009
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to impose an additional 100% income tax on bonuses paid to the employees of entities that received assistance under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 and in which the federal government has an ownership interest greater than 50%.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1