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United States · Bill · S

S. 2994 (111th)

Taxpayer Fairness Act

referredUnited States· United States Congress· EN

Introduced

4 February 2010

Last action

4 February 2010 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Boxer, Barbara [D-CA], Sen. Webb, Jim [D-VA], Sen. Lincoln, Blanche L. [D-AR], Sen. Murray, Patty [D-WA]

Subjects

Taxation

Source updated

14 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Taxpayer Fairness Act - Amends the Internal Revenue Code to: (1) impose a 50% tax on bonuses, including retention bonuses, exceeding $400,000 paid in 2009 to employees of financial institutions (including the Federal National Mortgage Association [Fannie Mae] and the Federal Home Loan Mortgage Corporation [Freddie Mac]) that received $5 billion or more in emergency economic assistance from the federal government; and (2) limit the business tax deduction for such bonuses to 50% of the amount of such bonuses.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 4 February 2010

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 4 February 2010

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 4 February 2010

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 4 February 2010

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 4 February 2010

    Open at official source

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Sponsors

Related records

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Sources

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