H.R.1594 - Income Equity Act of 2009111th Congress (2009-2010)
||Rep. Lee, Barbara [D-CA-9] (Introduced 03/18/2009)
||House - Ways and Means
||03/18/2009 Referred to the House Committee on Ways and Means. (All Actions)
This bill has the status Introduced
Here are the steps for Status of Legislation:
Introduced in House (03/18/2009)
Income Equity Act of 2009 - Amends the Internal Revenue Code to: (1) deny employers a tax deduction for payments of excessive compensation to any full-time employee (i.e., compensation for services exceeding the greater of 25 times the lowest compensation paid to any other employee or $500,000); and (2) require such employers to file a report with the Secretary of the Treasury on excessive compensation (as defined by this Act) paid to their employees. Defines "compensation" to include wages, salary, deferred compensation, retirement contributions, options, bonuses, property, and other forms of compensation.