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United States · Bill · S

S. 2261 (102nd)

A bill to amend Section 162 of the Internal Revenue Code of 1986 relating to deductions for trade or business expenses.

referredUnited States· United States Congress· EN

Introduced

26 February 1992

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Amends the Internal Revenue Code to disallow a trade or business expense deduction for salary or other compensation in excess of $500,000. Provides an inflation adjustment for such amount after 1992.

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Votes

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Versions

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Documents

2 official files

Introduced in Senate (text)

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Sources

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