Skip to main content
S. 1007 111th Congress Senate

Excessive Pay Capped Deduction Act of 2009

Official title: A bill to amend the Internal Revenue Code of 1986 to deny a deduction for excessive compensation of any employee of an employer.

Introduced: May 7, 2009 Introduced by: Richard J. Durbin Democratic · Illinois See on congress.gov
Taxation Employee benefits and pensionsIncome tax deductionsWages and earnings
Sign in to write a letter Sign in to watch
This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action June 2, 2009

Referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1007: Excessive Pay Capped Deduction Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-S-1007/
MLA
"S. 1007: Excessive Pay Capped Deduction Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-1007/.
Bluebook (legal)
S. 1007, 111th Cong. (2026), https://openamerica.io/bill/111-S-1007/.
Markdown link
[S. 1007: Excessive Pay Capped Deduction Act of 2009](https://openamerica.io/bill/111-S-1007/)
Report a problem