3.0.0 2994 2023-01-11T13:16:32Z 2023-01-11T13:16:32Z Senate S S 2010-02-04 111 ssfi00 Finance Committee Senate Standing Referred to 2010-02-04T21:11:07Z 2010-02-04 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2010-02-04 Introduced in Senate IntroReferral 10000 9 Library of Congress B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA N W000803 Sen. Webb, Jim [D-VA] James Webb D VA H. "Jim" 2010-02-04 True L000035 Sen. Lincoln, Blanche L. [D-AR] BLANCHE LINCOLN D AR LAMBERT 2010-03-02 False M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2010-03-10 False Taxation Financial crises and stabilization Government corporations and government-sponsored enterprises Housing finance and home ownership Income tax deductions Sales and excise taxes Wages and earnings Taxation 00 2010-02-04 Introduced in Senate 2010-03-17T20:59:22Z Taxpayer Fairness Act - Amends the Internal Revenue Code to: (1) impose a 50% tax on bonuses, including retention bonuses, exceeding $400,000 paid in 2009 to employees of financial institutions (including the Federal National Mortgage Association [Fannie Mae] and the Federal Home Loan Mortgage Corporation [Freddie Mac]) that received $5 billion or more in emergency economic assistance from the federal government; and (2) limit the business tax deduction for such bonuses to 50% of the amount of such bonuses.

]]> Taxpayer Fairness Act Display Title Taxpayer Fairness Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to impose an excise tax on excessive 2009 bonuses received from certain major recipients of Federal emergency economic assistance, to limit the deduction allowable for such bonuses, and for other purposes. Introduced in Senate IS Short Titles as Introduced Taxpayer Fairness Act Introduced in Senate 2010-02-04T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s2994is/xml/BILLS-111s2994is.xml 2010-02-04 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.