Wall Street Bonus Tax Act

Summary

Wall Street Bonus Tax Act - Amends the Internal Revenue Code to: (1) impose an excise tax on 50% of any bonus exceeding $50,000 paid during 2010 by a recipient of financial assistance under the Troubled Asset Relief Program (TARP) to a current or former employee; and (2) establish in the Treasury the Small Business Growth Fund to hold revenues from such tax. Requires the Administrator of the Small Business Administration (SBA) to establish and carry out a program to make loans directly to small business concerns. Makes amounts from such Fund available to carry out such program.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 19 December 2009

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• Introduced in House (PDF)

  Introduced in House · EN · 19 December 2009

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• Introduced in House

  summary · EN · 19 December 2009

  Open at official source

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