H.R.1305: Income Equity Act of 2015

About This Bill

Bill Summary

Income Equity Act of 2015 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 median compensation paid to full-time employees during such taxable year or $500,000); and (2) require such employers to file a report with the Secretary of the Treasury on excessive compensation (as defined by...

(Source: Library of Congress)

Bill Actions

Date Description
March 4, 2015
Referred to the House Committee on Ways and Means.
March 4, 2015

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

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