Bill Sponsor
Senate Bill 794
117th Congress(2021-2022)
Tax Excessive CEO Pay Act of 2021
Introduced
Introduced
Introduced in Senate on Mar 17, 2021
Overview
Text
Introduced
Mar 17, 2021
Latest Action
Mar 17, 2021
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
794
Congress
117
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Independent
Vermont
Democrat
Massachusetts
Democrat
Massachusetts
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Tax Excessive CEO Pay Act of 2021

This bill increases the current 21% income tax rate of corporations whose ratio of compensation of their principal executive officers or other highest compensated employees to median worker compensation is more than 50 to 1, in which case the increase is 0.5%. The pay ratio disparity extends from 100 to 1 to 500 to 1, in which case the increase is 5%. The bill exempts from such increase certain corporations based upon their average annual gross receipts.

Text (1)
March 17, 2021
Actions (2)
03/17/2021
Read twice and referred to the Committee on Finance.
03/17/2021
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:47:40 PM