Bill116th CongressFiled Nov 13, 2019Taxation
H.R. 5066
Tax Excessive CEO Pay Act of 2019
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Nov 13, 2019)
Tax Excessive CEO Pay Act of 2019
This bill requires an increase in the corporate income tax rate based upon the ratio of compensation paid to the corporation's highest paid employee to median worker compensation. The pay ratios range from greater than 50 to 1 (0.5% increase) to greater than 500 to 1 (5% increase). The bill exempts corporations whose average annual gross receipts during a three-year period are less than $100 million from the rate increase.
What just happenedNov 13, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Lee, Barbara [D-CA-13](D-CA)Sponsor
18 cosponsors18 D
18cosponsors1committees3actions1related bills5subjects
- Introduced in HouseNov 13, 2019
- Nov 13, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Nov 13, 2019IntroReferralIntro-H
Introduced in House
- Nov 13, 2019IntroReferral1000
Introduced in House