S.1375 - Ending Excessive Corporate Deductions for Stock Options Act

A bill to amend the Internal Revenue Code of 1986 to provide that corporate tax benefits based upon stock option compensation expenses be consistent with accounting expenses shown in corporate financial statements for such compensation. view all titles (2)

All Bill Titles

  • Official: A bill to amend the Internal Revenue Code of 1986 to provide that corporate tax benefits based upon stock option compensation expenses be consistent with accounting expenses shown in corporate financial statements for such compensation. as introduced.
  • Short: Ending Excessive Corporate Deductions for Stock Options Act as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
07/14/11
 
 
 
 
 
 
 

Sponsor

Senator

Carl Levin

D-MI

View Co-Sponsors (3)

Official Summary

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

Official Summary

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.

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