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H.R. 199 · 113th Congress

Income Equity Act of 2013

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Never voted on. It didn't reach a floor vote before the 113th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

BLD LeeSponsor
4 cosponsors · 4 D
JSD Schakowsky KED Ellison JCD Conyers MPD Pocan

0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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…

What it does: CRS summary · Introduced in House · Jan 4, 2013
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 employees. Defines "compensation" to include wages, salary, deferred compensation, retirement contributions, options, bonuses, property, and other forms of compensation.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Income Equity Act of 2013

Latest action (Jan 4, 2013): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Jan 4, 2013

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.