S 1375 · 112th Congress · Taxation

Ending Excessive Corporate Deductions for Stock Options Act

Introduced 2011-07-14· Sponsored by Sen. Levin, Carl [D-MI]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2011-07-14)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

3 Democrats