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house Bill H.R. 1572

Taxpayer Protection Act

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Ways and Means
    IntroducedMarch 17th, 2009

Bill Details

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Title

Taxpayer Protection Act

Official Title

To amend the Internal Revenue Code of 1986 to impose a 90 percent tax on bonuses paid by business that receive TARP assistance.

Summary

Taxpayer Protection Act - Amends the Internal Revenue Code to impose a 90% income tax on bonuses paid to employees after 2008 by entities that received financial assistance under the Troubled Asset Relief Program (TARP).

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