S 1007
111th Congress
Senate
Taxation
Employee benefits and pensions
Income tax deductions
Wages and earnings
Excessive Pay Capped Deduction Act of 2009
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 2, 2009
Referred to the Committee on Finance.
Jun 2, 2009
Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
May 7, 2009
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5291)
May 7, 2009
Introduced in Senate
Plain-English 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.
What's happening now
Referred to the Committee on Finance.
Committees of jurisdiction
2