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- H.R.1542
H.R.1542: To amend the Internal Revenue Code of 1986 to impose a 100 percent tax on bonuses paid by businesses that receive TARP assistance and are majority owned by the Federal Government.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced March 17, 2009
- Latest Major Action March 17, 2009
Bill Sponsor
Bill Cosponsors
7 (All Democrats)
Bill Summary
Amends the Internal Revenue Code to impose an additional 100% income tax on bonuses paid to the employees of entities that received assistance under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 and in which the federal government has an ownership interest greater than 50%.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| March 17, 2009 |
Introduced in the House by Carolyn B. Maloney (D-N.Y.) |