HR 1305
114th Congress
House
Taxation
Business records
Employee benefits and pensions
Income tax deductions
Wages and earnings
Income Equity Act of 2015
Introduced: March 4, 2015
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 4, 2015
Referred to the House Committee on Ways and Means.
Mar 4, 2015
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1