To amend the Internal Revenue Code of 1986 to impose a 100 percent tax on bonuses paid by businesses that receive TARP assistance and are majority owned by the Federal Government.

Summary

Amends the Internal Revenue Code to impose an additional 100% income tax on bonuses paid to the employees of entities that received assistance under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 and in which the federal government has an ownership interest greater than 50%.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 17 March 2009

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 17 March 2009

   Introduced

   Sponsor introductory remarks on measure. (CR H3448)

   Source: IntroReferral

3. 17 March 2009

   Introduced

   Introduced in House

   Source: IntroReferral

4. 17 March 2009

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 17 March 2009 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 March 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 17 March 2009

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 17 March 2009

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Maloney, Carolyn B. [D-NY-12] · D · Sponsor
• Rep. Pomeroy, Earl [D-ND-At Large] · D · Sponsor
• Rep. Engel, Eliot L. [D-NY-16] · D · Sponsor
• Sen. Hirono, Mazie K. [D-HI] · D · Sponsor
• Rep. Higgins, Brian [D-NY-26] · D · Sponsor
• Rep. Space, Zachary T. [D-OH-18] · D · Sponsor
• Rep. Ruppersberger, C. A. Dutch [D-MD-2] · D · Cosponsor
• Rep. Cohen, Steve [D-TN-9] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Bailout Bonus Tax Bracket Act of 2009
• related to ← Taxpayer Protection Act
• related to ← To amend the Internal Revenue Code of 1986 to impose a higher rate of tax on bonuses paid by certain businesses owned by the Federal Government.
• related to ← To amend the Internal Revenue Code of 1986 to impose a tax on bonuses received from companies receiving TARP funds.
• related to ← AIG Key Executives Bonus Accountability and Capture (TAKE BACK) Act
• related to ← FAA Air Transportation Modernization and Safety Improvement Act
• related to ← To amend the Internal Revenue Code of 1986 to impose a 70 percent tax on certain compensation received from certain companies receiving Federal bailout funds.
• related to ← Recoupment of Wall Street Bonus Act