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- H.R.1801
H.R.1801: To amend the Internal Revenue Code of 1986 to impose a 70 percent tax on certain compensation received from certain companies receiving Federal bailout funds.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced March 30, 2009
- Latest Major Action March 30, 2009
Bill Sponsor
Bill Cosponsors
4 (All Democrats)
Bill Summary
Amends the Internal Revenue Code to impose a 70% tax on compensation in excess of $1 million received by an employee from an employer who has received, in the aggregate, economic assistance of more than $500 million under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 or the Housing and Economic Recovery Act of 2008. Exempts employees who return such compensation to their employer or who receive...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| March 30, 2009 |
Introduced in the House by Brad Sherman (D-Calif.) |