Income Equity Act of 2015

Summary

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.

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Timeline

1. 4 March 2015

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 4 March 2015

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 March 2015

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 4 March 2015 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 March 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 4 March 2015

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 4 March 2015

  Open at official source

Sponsors

• Barbara Lee · D · Sponsor
• JOHN CONYERS · D · Sponsor
• Keith Ellison · D · Sponsor
• Rep. Schakowsky, Janice D. [D-IL-9] · D · Sponsor
• Rep. Pocan, Mark [D-WI-2] · D · Sponsor
• Zoe Lofgren · D · Cosponsor
• PETER VISCLOSKY · D · Cosponsor
• · hswm00 · Standing

Related records

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