Bailout Bonus Tax Bracket Act of 2009
Latest action · Mar 16, 2009 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 16, 2009
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Bailout Bonus Tax Bracket Act of 2009 - Amends the Internal Revenue Code to impose an additional income tax on bonuses paid to employees of entities that received financial assistance under the Troubled Asset Relief Program (TARP).
Cosponsors 40
Members who signed on, in the order they did. Signatures ran from Mar 16, 2009 to Mar 18, 2009; 4 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-KY | Ben Chandler | Original | Mar 16, 2009 |
| D-IA | Bruce L. Braley | Original | Mar 16, 2009 |
| D-NY | Carolyn McCarthy | Original | Mar 16, 2009 |
| D-NY | Eric J. J. Massa | Original | Mar 16, 2009 |
| D-CA | Adam B. Schiff | Mar 17, 2009 | |
| D-IN | Baron P. Hill | Mar 17, 2009 | |
| D-MI | Bart Stupak | Mar 17, 2009 | |
| D-NY | Brian Higgins | Mar 17, 2009 | |
| D-MD | Chris Van Hollen | Mar 17, 2009 | |
| D-MI | Dale E. Kildee | Mar 17, 2009 | |
| D-NY | Daniel B. Maffei | Mar 17, 2009 | |
| D-KS | Dennis Moore | Mar 17, 2009 | |
| D-MO | Emanuel Cleaver | Mar 17, 2009 | |
| D-MS | Gene Taylor | Mar 17, 2009 | |
| D-CA | George Miller | Mar 17, 2009 | |
| D-VA | James P. Moran | Mar 17, 2009 | |
| D-IL | Janice D. Schakowsky | Mar 17, 2009 | |
| D-PA | Kathleen A. Dahlkemper | Mar 17, 2009 | |
| D-HI | Mazie K. Hirono | Mar 17, 2009 | |
| D-NY | Michael A. Arcuri | Mar 17, 2009 | |
| D-AR | Mike Ross | Mar 17, 2009 | |
| D-IL | Phil Hare | Mar 17, 2009 | |
| D-FL | Ron Klein | Mar 17, 2009 | |
| D-CT | Rosa L. DeLauro | Mar 17, 2009 | |
| D-NJ | Rush Holt | Mar 17, 2009 | |
| D-MO | Russ Carnahan | Mar 17, 2009 | |
| D-NV | Shelley Berkley | Mar 17, 2009 | |
| D-WI | Steve Kagen | Mar 17, 2009 | |
| D-VA | Thomas S.P. Perriello | Mar 17, 2009 | |
| D-OH | Tim Ryan | Mar 17, 2009 | |
| D-NY | Timothy H. Bishop | Mar 17, 2009 | |
| D-TN | Bart Gordon | Mar 18, 2009 | |
| D-VA | Gerald E. Connolly | Mar 18, 2009 | |
| D-MD | John P. Sarbanes | Mar 18, 2009 | |
| D-NY | Jose E. Serrano | Mar 18, 2009 | |
| D-CA | Laura Richardson | Mar 18, 2009 | |
| D-NY | Maurice D. Hinchey | Mar 18, 2009 | |
| D-ME | Michael H. Michaud | Mar 18, 2009 | |
| D-NY | Paul Tonko | Mar 18, 2009 | |
| D-NJ | Steven R. Rothman | Mar 18, 2009 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Mar 16, 2009 |
Actions 2
Everything that happened, newest first.
- Mar 16, 2009Introduced in House
- Mar 16, 2009Referred to the House Committee on Ways and Means.
Related bills 8
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1527 | To amend the Internal Revenue Code of 1986 to impose a higher rate of tax on bonuses paid by certain businesses owned by the Federal Government. | Related bill | Mar 16, 2009 |
| HR 1542 | To amend the Internal Revenue Code of 1986 to impose a 100 percent tax on bonuses paid by businesses that receive TARP assistance and are majority owned by the Federal Government. | Related bill | Mar 17, 2009 |
| HR 1543 | To amend the Internal Revenue Code of 1986 to impose a tax on bonuses received from companies receiving TARP funds. | Related bill | Mar 17, 2009 |
| HR 1572 | Taxpayer Protection Act | Related bill | Mar 17, 2009 |
| HR 1586 | FAA Air Transportation Modernization and Safety Improvement Act | Related bill | Aug 10, 2010 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to impose a higher rate of tax on bonuses paid by businesses receiving TARP funds.
- Short Titles as Introduced
- Bailout Bonus Tax Bracket Act of 2009
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 16, 2009Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
