3.0.0
7041
2025-12-05T08:40:20Z
2025-12-05T08:40:20Z
House
H
HR
2024-01-18
118
https://www.congress.gov/bill/118th-congress/house-bill/7041
[Congressional Record Volume 170, Number 10 (Thursday, January 18, 2024)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. LEE of California:H.R. 7041.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the ConstitutionThe single subject of this legislation is:Applies a higher corporate tax rate on companies withexcessive CEO to median worker pay ratios.[Page H241]
- hswm00
Ways and Means Committee
House
Standing
  - Referred To
2024-01-18T15:00:20Z

- Tax Excessive CEO Pay Act of 2024
118
3620
S
2024-01-18
Read twice and referred to the Committee on Finance.
  - Identical bill
CRS
- 2024-01-18
Referred to the House Committee on Ways and Means.
IntroReferral
H11100
2
House floor actions
  - hswm00
Ways and Means Committee
- 2024-01-18
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2024-01-18
Introduced in House
IntroReferral
1000
9
Library of Congress
- L000551
Rep. Lee, Barbara [D-CA-12]
BARBARA
LEE
D
CA
12
N
- T000481
Rep. Tlaib, Rashida [D-MI-12]
Rashida
Tlaib
D
MI
12
2024-01-18
True
- N000147
Del. Norton, Eleanor Holmes [D-DC-At Large]
ELEANOR
NORTON
D
DC
HOLMES
0
2024-01-18
True
- W000822
Rep. Watson Coleman, Bonnie [D-NJ-12]
Bonnie
Watson Coleman
D
NJ
12
2024-01-18
True
- K000389
Rep. Khanna, Ro [D-CA-17]
Ro
Khanna
D
CA
17
2024-01-18
True
- G000586
Rep. Garcia, Jesus G. "Chuy" [D-IL-4]
Jesus
Garcia
D
IL
G.
4
2024-01-18
True
- M000312
Rep. McGovern, James P. [D-MA-2]
JAMES
MCGOVERN
D
MA
P.
2
2024-01-18
True
- O000173
Rep. Omar, Ilhan [D-MN-5]
Ilhan
Omar
D
MN
5
2024-01-18
True
- J000298
Rep. Jayapal, Pramila [D-WA-7]
Pramila
Jayapal
D
WA
7
2024-01-18
True
- B001224
Rep. Bush, Cori [D-MO-1]
Cori
Bush
D
MO
1
2024-01-18
True
- H001068
Rep. Huffman, Jared [D-CA-2]
Jared
Huffman
D
CA
2
2024-01-18
True
- G000551
Rep. Grijalva, Raúl M. [D-AZ-7]
Raúl
Grijalva
D
AZ
M.
7
2024-01-18
True
- B001223
Rep. Bowman, Jamaal [D-NY-16]
Jamaal
Bowman
D
NY
16
2024-01-18
True
- S001145
Rep. Schakowsky, Janice D. [D-IL-9]
JANICE
SCHAKOWSKY
D
IL
D.
9
2024-02-13
False
- P000597
Rep. Pingree, Chellie [D-ME-1]
Chellie
Pingree
D
ME
1
2024-03-15
False
- R000617
Rep. Ramirez, Delia C. [D-IL-3]
Delia
Ramirez
D
IL
C.
3
2024-04-10
False
Taxation
Taxation
2024-02-13T21:00:40Z
00
2024-01-18
Introduced in House
2024-03-18T20:52:07Z
Tax Excessive CEO Pay Act of 2024
This bill increases the corporate income tax rate based on the ratio of compensation of principal executive <e > officers or other highest compensated employees to median worker compensation. The current corporate income tax rate is 21%.
Specifically, the bill increases the corporate income tax rate by 0.5 percentage points for a corporation with a pay ratio disparity that is more than 50 to 1. The tax rate increases by 1 percentage point for a pay ratio disparity that is more than 100 to 1, but not greater than 200 to 1. The pay ratio disparity extends to 500 to 1, in which case the increase is 5 percentage points. The bill exempts from such an increase certain corporations based upon their average annual gross receipts.

Tax Excessive CEO Pay Act of 2024
- Display Title
45

Tax Excessive CEO Pay Act of 2024
2024-06-11T15:40:08Z
- Short Title(s) as Introduced
101

Tax Excessive CEO Pay Act of 2024
2024-05-24T13:34:31Z
Introduced in House
IH
- Official Title as Introduced
6

To amend the Internal Revenue Code of 1986 to impose a corporate tax rate increase on companies whose ratio of compensation of the CEO or other highest paid employee to median worker compensation is more than 50 to 1, and for other purposes.
2024-03-18T22:08:49Z
Introduced in House
IH
- Introduced in House
2024-01-18T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr7041ih/xml/BILLS-118hr7041ih.xml
2024-01-18
Referred to the House Committee on Ways and Means.
text/xml
EN
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