2969

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Amendment Number
2969
Purpose
To provide that the $1,000,000 limit on deductiblity of compensation paid to an employee is extended to employees of all businesses, and to use the resulting revenues to reduce the social security earnings penalty.
Congress
104
Type
SAMDT
Latest Action Date
Oct 26, 1995
Latest Action Text
Amendment agreed to in Senate by Yea-Nay Vote. 99-0. Record Vote No: 509.
Proposed Date
Oct 26, 1995
Submitted Date
Oct 26, 1995
Chamber
Senate
Update Date
Aug 15, 2021
Amendment 2969 — Informed