U.S. Congress - H.R.3876 Income Equity Act of 2007
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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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 fiOfficial 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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