Summary: S.1491 — 111th Congress (2009-2010)All Information (Except Text)

There is one summary for S.1491. Bill summaries are authored by CRS.

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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.