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

Introduced:
Jul 14, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Carl Levin
Senior Senator from Michigan
Party
Democrat
Text
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Last Updated
Jul 14, 2011
Length
6 pages
Related Bills
S. 1491 (111th) was a previous version of this bill.

Referred to Committee
Last Action: Jul 22, 2009

S. 2075 (Related)
CUT Loopholes Act

Referred to Committee
Last Action: Feb 07, 2012

 
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
 
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.

Cosponsors
3 cosponsors (3D) (show)
Committees

Senate Finance

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

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

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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