Income Equity Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 4, 2015)
Income Equity Act of 2015
Amends the Internal Revenue Code to: (1) deny employers a tax deduction for payments of excessive compensation to any full-time employee (i.e., compensation for services exceeding the greater of 25 times the median compensation paid to full-time employees during such taxable year or $500,000); and (2) require such employers to file a report with the Secretary of the Treasury on excessive compensation (as defined by this Act) paid to their employees. Defines "compensation" to include wages, salary, deferred compensation, retirement contributions, options, bonuses, property, and any other form of compensation that the Secretary determines is appropriate.
What just happenedMar 4, 2015
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseMar 4, 2015
- Mar 4, 2015IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 4, 2015IntroReferralIntro-H
Introduced in House
- Mar 4, 2015IntroReferral1000
Introduced in House