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S 1007 111th Congress Senate Taxation Employee benefits and pensions Income tax deductions Wages and earnings

Excessive Pay Capped Deduction Act of 2009

Introduced: May 7, 2009 Introduced by: Durbin, Richard J. Democratic · Illinois See on congress.gov
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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
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 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.

What's happening now June 2, 2009

Referred to the Committee on Finance.

 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/)
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