H.R. 1594 (111th): Income Equity Act of 2009

Introduced:
Mar 18, 2009 (111th Congress, 2009–2010)
Sponsor:
Rep. Barbara Lee [D-CA9]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 382 (112th) on Jan 20, 2011.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on March 18, 2009, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 18, 2009
Cosponsors
5 cosponsors (5D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to limit the deductibility of excessive rates of executive compensation.

Summary

No summaries available.

Text

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Last updated Mar 18, 2009.
4 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

3/18/2009--Introduced.
Income Equity Act of 2009 - 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 lowest compensation paid to any other employee 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 other forms of compensation.

House Republican Conference Summary

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House Democratic Caucus Summary

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