HR 5258 · 116th Congress · Taxation
No Bonuses During Blackouts Act of 2019
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2019-11-22)
Plain Language Summary
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No Bonuses During Blackouts Act of 2019 This bill imposes the alternative minimum tax on state regulated electric utilities that are in bankruptcy reorganization and that make incentive-based payments, other than salary, to any of their 13 highest compensated employees, or that own or lease infrastructure other than climate-resilient infrastructure (i.e., infrastructure capable of reducing the impact of major weather events and natural disasters).…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
3 Democrats