- Not enactedThe President has not signed this bill
- The house has not voted
- The senate has not voted
Senate Committee on Banking, Housing, and Urban AffairsSenate Committee on FinanceIntroducedMay 7th, 2009
- senate Committees
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Excessive Pay Capped Deduction Act of 2009
A bill to amend the Internal Revenue Code of 1986 to deny a deduction for excessive compensation of any employee of an employer.
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.