H.R.199: Income Equity Act of 2013

About This Bill

Bill Summary

Income Equity Act of 2013- Amends the Internal Revenue Code to: (1) deny employers a tax deduction for payments of excessive compensation to any full-time employee (i.e., compensation for services exceeding the greater of 25 times the lowest compensation paid to any other employee or $500,000), and (2) require such employers to file a report with the Secretary of the Treasury on excessive compensation (as defined by this Act) paid to their...

(Source: Library of Congress)

Bill Actions

Date Description
Jan. 4, 2013
Referred to the House Committee on Ways and Means.
Jan. 4, 2013

Introduced in the House by Barbara Lee (D-Calif.)

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