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- S.1491
S.1491: Ending Excessive Corporate Deductions for Stock Options Act
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced July 22, 2009
- Latest Major Action July 22, 2009
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill 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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| July 22, 2009 |
Introduced in the Senate by Carl Levin (D-Mich.) |