HR 399
115th Congress
House
Taxation
Administrative law and regulatory procedures
Corporate finance and management
Department of the Treasury
Income tax deductions
Wages and earnings
Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 10, 2017
Referred to the House Committee on Ways and Means.
Jan 10, 2017
Introduced in House
Plain-English summary
Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
This bill amends the Internal Revenue Code, with respect to the $1 million limitation on the deductibility of employee compensation, to: (1) extend such limitation to any individual who is a current or former officer, director, or employee of a publicly-held corporation; (2) eliminate the exemption from such limitation for compensation payable on a commission basis or upon the attainment of a performance goal; and (3) make such limitation applicable to all publicly-held corporations that are required by the Securities and Exchange Commission to register securities and provide periodic reports to their investors.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1