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S. 3176

BillFederalSenateIn Committee
To amend the Internal Revenue Code of 1986 to impose an excise tax on excessively disparate wages paid to chief executive officers.
About This Bill
Committee
Latest Action · November 1, 2023
Read twice and referred to the Committee on Finance.
Congress
118th (2023–2025)
Introduced
November 1, 2023
Cosponsors (3)
3D 0R
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Summary

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Curtailing Executive Overcompensation (CEO) Act This bill imposes an excise tax on employers (i.e., business entities) that have at least a 50 to 1 disparity between the wages (including bonuses, stock awards and options) of chief executive officers and the wages paid to their workers. The bill applies to employers that have not less than $100 million in annual gross receipts and $10 million in payroll over a 3 year period. The bill limits such tax to 1% of an employer's gross receipts.

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