S.1491 - Ending Excessive Corporate Deductions for Stock Options Act111th Congress (2009-2010)
| Sponsor: | Sen. Levin, Carl [D-MI] (Introduced 07/22/2009) |
|---|---|
| Committees: | Senate - Finance |
| Latest Action: | 07/22/2009 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7884) (All Actions) |
Tracker:
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Introduced
Subject — Policy Area:
- Taxation
- View subjects
-
Summary (1)
-
Text (1)
-
Actions (2)
-
Titles (2)
-
Amendments (0)
-
Cosponsors (1)
-
Committees (1)
-
Related Bills (0)
Summary: S.1491 — 111th Congress (2009-2010)All Bill Information (Except Text)
There is one summary for S.1491. Bill summaries are authored by CRS.
Shown Here:
Introduced in Senate (07/22/2009)
Ending Excessive Corporate Deductions for Stock Options Act - Amends the Internal Revenue Code to: (1) limit the employer tax deduction for stock options granted to its employees to the value of such options as recorded on the employer's books at the time such options are granted; and (2) apply the $1 million limitation on the employer tax deduction for employee remuneration to stock option compensation.