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Searching...- Bills
- H.R.4412
H.R.4412: Wall Street Bonus Tax Act
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced Dec. 19, 2009
- Latest Major Action Dec. 19, 2009
Bill Sponsor
Bill Summary
Wall Street Bonus Tax Act - Amends the Internal Revenue Code to: (1) impose an excise tax on 50% of any bonus exceeding $50,000 paid during 2010 by a recipient of financial assistance under the Troubled Asset Relief Program (TARP) to a current or former employee; and (2) establish in the Treasury the Small Business Growth Fund to hold revenues from such tax. Requires the Administrator of the Small Business Administration (SBA) to establish and...
(Source: Library of Congress)
Bill Actions
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Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Referred to House Ways and Means
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Referred to House Small Business
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Referred to the Subcommittee on Finance and Tax.
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| Dec. 19, 2009 |
Introduced in the House by Peter Welch (D-Vt.) |