Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

Summary

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act This bill amends the Internal Revenue Code, with respect to the $1 million limitation on the deductibility of employee compensation, to: (1) extend such limitation to any individual who is a current or former officer, director, or employee of a publicly-held corporation; (2) eliminate the exemption from such limitation for compensation payable on a commission basis or upon the attainment of a performance goal; and (3) make such limitation applicable to all publicly-held corporations that are required by the Securities and Exchange Commission to register securities and provide periodic reports to their investors.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 10 January 2017

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 10 January 2017

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• Introduced in Senate

  summary · EN · 10 January 2017

  Open at official source

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