Tax Excessive CEO Pay Act of 2024

Summary

Tax Excessive CEO Pay Act of 2024 This bill increases the current 21% income tax rate of corporations whose ratio of compensation of their principal executive officers or other highest compensated employees to median worker compensation is more than 50 to 1, in which case the increase is 0.5%. The pay ratio disparity extends from 100 to 1 to 500 to 1, in which case the increase is 5%. The bill exempts from such increase certain corporations based upon their average annual gross receipts.

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Timeline

1. 18 January 2024

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 18 January 2024

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 18 January 2024 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 18 January 2024

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 18 January 2024

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 18 January 2024

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Sanders, Bernard [I-VT] · I · Sponsor
• Sen. Warren, Elizabeth [D-MA] · D · Sponsor
• Sen. Van Hollen, Chris [D-MD] · D · Sponsor
• Sen. Markey, Edward J. [D-MA] · D · Sponsor
• Sen. Welch, Peter [D-VT] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to ← Tax Excessive CEO Pay Act of 2024
• related to ← Tax Excessive CEO Pay Act of 2021