United States · Bill · S
S. 2323 (98th)
A bill to amend the Internal Revenue Code of 1954 to impose an excise tax on the receipt of golden parachute payments and to deny any deduction with respect to such payments.
Introduced
22 February 1984
Last action
—
Status
Committee on Finance requested executive comment from OMB, Treasury Department.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Amends the Internal Revenue Code to impose a 90 percent excise tax on any golden parachute payment (payments of substantial financial settlements to executives of corporations subject to takeovers). Denies an income tax deduction for the payment of any golden parachute payment.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 22 February 1984
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/98th-congress/senate-bill/2323
- Open data entity: https://api.congress.gov/v3/bill/98/s/2323