H.R.3876 - Income Equity Act of 2007

To amend the Internal Revenue Code of 1986 to limit the deductibility of excessive rates of executive compensation. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to limit the deductibility of excessive rates of executive compensation. as introduced.
  • Short: Income Equity Act of 2007 as introduced.

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Introduced
 
House
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Senate
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President
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10/16/07
 
 
 
 
 
 
 

Official Summary

10/17/2007--Introduced.Income Equity Act of 2007 - Amends the Internal Revenue Code to: (1) deny employers a tax deduction for payments of excessive compensation to any employee (i.e., more than 25 times the lowest compensation paid any other employee); and (2) require such employers to fi

Official Summary

10/17/2007--Introduced.
Income Equity Act of 2007 - Amends the Internal Revenue Code to:
(1) deny employers a tax deduction for payments of excessive compensation to any employee (i.e., more than 25 times the lowest compensation paid any other employee); and
(2) require such employers to file a report on compensation paid to their employees with the Secretary of the Treasury.


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