United States · Bill · S
S. 2329 (102nd)
A bill to amend the Internal Revenue Code of 1986 to define the term reasonable allowance for salaries or other compensation with respect to certain highly compensated employees of publicly traded corporation, and for other purposes.
Introduced
10 March 1992
Last action
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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 provide that, with respect to compensation for certain highly compensated employees of publicly traded corporations, reasonable allowance for salaries or other compensation for personal services actually rendered for purposes of the trade or business expense deduction includes only the first $500,000. Excludes certain benefits from such compensation.
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Timeline
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Votes
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Versions
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Documents
2 official files
Introduced in Senate (text)
Introduced in Senate · EN
Introduced in Senate
summary · EN · 10 March 1992
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/102nd-congress/senate-bill/2329
- Open data entity: https://api.congress.gov/v3/bill/102/s/2329