Tax Excessive CEO Pay Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 17, 2021)
Tax Excessive CEO Pay Act of 2021
This bill increases the current 21% income tax rate of corporations whose ratio of compensation of their principal executive officers or other highest compensated employees to median worker compensation is more than 50 to 1, in which case the increase is 0.5%. The pay ratio disparity extends from 100 to 1 to 500 to 1, in which case the increase is 5%. The bill exempts from such increase certain corporations based upon their average annual gross receipts.
What just happenedMar 17, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseMar 17, 2021
- Mar 17, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 17, 2021IntroReferralIntro-H
Introduced in House
- Mar 17, 2021IntroReferral1000
Introduced in House