Pipeline · Bill → Law
Step 1
Introduced
Jan 18, 2024
Step 2
Referred
Jan 18, 2024
Finance
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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.
Timeline · 2 actions
Jan 18, 2024
Introduced in Senate
Jan 18, 2024
Read twice and referred to the Committee on Finance.