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United States · Bill · HR

H.R. 7041 (118th)

Tax Excessive CEO Pay Act of 2024

referredUnited States· United States Congress· EN

Introduced

18 January 2024

Last action

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Status

Referred to the House Committee on Ways and Means.

Sponsors

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Subjects

Discovery layer

Source updated

5 December 2025

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Summary

Tax Excessive CEO Pay Act of 2024 This bill increases the corporate income tax rate based on the ratio of compensation of principal executive officers or other highest compensated employees to median worker compensation. The current corporate income tax rate is 21%. Specifically, the bill increases the corporate income tax rate by 0.5 percentage points for a corporation with a pay ratio disparity that is more than 50 to 1. The tax rate increases by 1 percentage point for a pay ratio disparity that is more than 100 to 1, but not greater than 200 to 1. The pay ratio disparity extends to 500 to 1, in which case the increase is 5 percentage points. The bill exempts from such an increase certain corporations based upon their average annual gross receipts.

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Documents

3 official files

Introduced in House (text)

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