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HR 1305 114th Congress House

Income Equity Act of 2015

Official title: To amend the Internal Revenue Code of 1986 to limit the deductibility of excessive rates of executive compensation.

Introduced: March 4, 2015 See on congress.gov
Taxation Business recordsEmployee benefits and pensionsIncome tax deductionsWages and earnings
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 4, 2015
Referred to the House Committee on Ways and Means.
Mar 4, 2015
Introduced in House
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 Latest action March 4, 2015

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Income Equity Act of 2015

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 median compensation paid to full-time employees during such taxable year 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 any other form of compensation that the Secretary determines is appropriate.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 3
VISCLOSKY, PETER
· Dec 7, 2016
 D
Lofgren, Zoe
California · Jun 25, 2015
 D
Pocan, Mark
Wisconsin · Mar 4, 2015
 D
Schakowsky, Janice D.
Illinois · Mar 4, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1305: Income Equity Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-1305/
MLA
"H.R. 1305: Income Equity Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-1305/.
Bluebook (legal)
H.R. 1305, 114th Cong. (2026), https://openamerica.io/bill/114-HR-1305/.
Markdown link
[H.R. 1305: Income Equity Act of 2015](https://openamerica.io/bill/114-HR-1305/)
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