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HR 3140119th CongressIntroduced
Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
Introduced: Oct 29, 2025
Economy & TaxesFinancial Services
Standard Summary
Comprehensive overview in 1-2 paragraphs
This legislation amends the Internal Revenue Code to restrict tax deductions for excessive employee remuneration, redefines 'covered individual' to expand applicability, modifies the definition of publicly held corporations, and grants regulatory authority to prevent compensation avoidance strategies.
Key Points
- 1Expands denial of deductions for excessive compensation beyond executives to broader categories of high earners
- 2Redefines 'covered individual' to include employees with historically high compensation reporting requirements
- 3Grants IRS authority to create regulations preventing compensation routing through pass-through entities
Impact Areas
Publicly traded corporationsHighly compensated employeesInternal Revenue Service enforcementCorporate tax compliance strategies
Generated by LegislativeAnalyzer-v2.1 on Nov 7, 2025