US SB1491 | 2009-2010 | 111th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on July 22 2009 - 25% progression, died in chamber
Action: 2009-07-22 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7884)
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 22 2009 - 25% progression, died in chamber
Action: 2009-07-22 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7884)
Text: Latest bill text (Introduced) [PDF]
Summary
Ending Excessive Corporate Deductions for Stock Options Act - Amends the Internal Revenue Code to: (1) limit the employer tax deduction for stock options granted to its employees to the value of such options as recorded on the employer's books at the time such options are granted; and (2) apply the $1 million limitation on the employer tax deduction for employee remuneration to stock option compensation.
Title
Ending Excessive Corporate Deductions for Stock Options Act
Sponsors
| Sen. Carl Levin [D-MI] | Sen. John McCain [R-AZ] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-07-22 | Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7884) | |
| 2009-07-22 | Sponsor introductory remarks on measure. (CR S7880-7884) |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/senate-bill/1491/all-info |
| Text | https://www.congress.gov/111/bills/s1491/BILLS-111s1491is.pdf |
