H.R.1598 - The AIG Key Executives Bonus Accountability and Capture (TAKE BACK) Act

To amend the Internal Revenue Code of 1986 to impose a higher rate of tax on bonuses paid by businesses receiving TARP funds. view all titles (3)

All Bill Titles

  • Short: The AIG Key Executives Bonus Accountability and Capture (TAKE BACK) Act as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to impose a higher rate of tax on bonuses paid by businesses receiving TARP funds. as introduced.
  • Short: AIG Key Executives Bonus Accountability and Capture (TAKE BACK) Act as introduced.

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Introduced
 
House
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Senate
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President
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03/18/09
 
 
 
 
 
 
 

Official Summary

AIG Key Executives Bonus Accountability and Capture (TAKE BACK) Act - Amends the Internal Revenue Code to impose a 100% income tax on bonuses (over $1) paid to employees by entities who received financial assistance under the Troubled Asset Relief Program (TARP).




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