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bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Senate Committee on Banking, Housing, and Urban Affairs
      Senate Committee on Finance
    IntroducedMay 7th, 2009

Bill Details

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Title

Excessive Pay Capped Deduction Act of 2009

Official Title

A bill to amend the Internal Revenue Code of 1986 to deny a deduction for excessive compensation of any employee of an employer.

Summary

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.