118th Congress · HOUSE BILLBILL

H.R. 324 — Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

“To amend the Internal Revenue Code of 1986 to expand the denial of deduction for certain excessive employee remuneration, and for other purposes.”

Taxation

Introduced Jan 12, 2023

Last action Jan 12, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jan 12, 2023

Step 2

Referred

Jan 12, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill extends the $1 million limit on the deductibility of executive compensation to all employees of publicly traded corporations.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jan 12, 2023

Introduced in House

Jan 12, 2023

Referred to the House Committee on Ways and Means.