HR 1594
111th Congress
House
Taxation
Business records
Employee benefits and pensions
Income tax deductions
Wages and earnings
Income Equity Act of 2009
Introduced: March 18, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 2009
Referred to the House Committee on Ways and Means.
Mar 18, 2009
Introduced in House
Plain-English summary
Income Equity Act of 2009 - Amends the Internal Revenue Code to: (1) deny employers a tax deduction for payments of excessive compensation to any full-time employee (i.e., compensation for services exceeding the greater of 25 times the lowest compensation paid to any other employee or $500,000); and (2) require such employers to file a report with the Secretary of the Treasury on excessive compensation (as defined by this Act) paid to their employees. Defines "compensation" to include wages, salary, deferred compensation, retirement contributions, options, bonuses, property, and other forms of compensation.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1