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- S.2994
S.2994: Taxpayer Fairness Act
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced Feb. 4, 2010
- Latest Major Action Feb. 4, 2010
Bill Sponsor
Bill Summary
Taxpayer Fairness Act - Amends the Internal Revenue Code to: (1) impose a 50% tax on bonuses, including retention bonuses, exceeding $400,000 paid in 2009 to employees of financial institutions (including the Federal National Mortgage Association [Fannie Mae] and the Federal Home Loan Mortgage Corporation [Freddie Mac]) that received $5 billion or more in emergency economic assistance from the federal government; and (2) limit the business tax...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Read twice and referred to the Committee on Finance.
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Feb. 4, 2010 |
Introduced in the Senate by Barbara Boxer (D-Calif.) |