S. 1375 (112th): Ending Excessive Corporate Deductions for Stock Options Act

Introduced:
Jul 14, 2011 (112th Congress, 2011–2013)
Sponsor:
Sen. Carl Levin [D-MI]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on July 14, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 14, 2011
Referred to Committee Jul 14, 2011
Cosponsors
3 cosponsors (3D) (show)
Committees

Senate Finance

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

Full Title

A bill to amend the Internal Revenue Code of 1986 to provide that corporate tax benefits based upon stock option compensation expenses be consistent with accounting expenses shown in corporate financial statements for such compensation.

Summary

No summaries available.

Text

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Last updated Jul 14, 2011.
6 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.

7/14/2011--Introduced.
Ending Excessive Corporate Deductions for Stock Options Act - Amends the Internal Revenue Code to: (1) limit the employer tax deduction for stock options granted to its employees to the value of such options as recorded on the employer's books at the time such options are granted; and (2) apply the $1 million limitation on the employer tax deduction for employee remuneration to stock option compensation.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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