S 2323 · 98th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to impose an excise tax on the receipt of golden parachute payments and to deny any deduction with respect to such payments.

Introduced 1984-02-22· Sponsored by Sen. Chafee, John H. [R-RI]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB, Treasury Department.(1984-02-28)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to impose a 90 percent excise tax on any golden parachute payment (payments of substantial financial settlements to executives of corporations subject to takeovers). Denies an income tax deduction for the payment of any golden parachute payment.…

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

Cosponsors (1)

1 Republican
Sen. Simpson, Alan K. [R-WY]WY