HR 1527 · 111th Congress 2009–2011, ended

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.

Introduced Mar 16, 2009 Originated House Sponsor Gary C. Peters D-MI

Fact sheet

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.

  1. IntroducedMar 16, 2009
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Amends the Internal Revenue Code to impose an additional 60% income tax on bonuses exceeding $10,000 paid to employees of businesses in which the federal government has an ownership interest of 79% or more.

Cosponsors 16

Members who signed on, in the order they did. All signed on Mar 18, 2009.

SeatCosponsorSigned on
D-TXChet EdwardsMar 18, 2009
D-TXCiro D. RodriguezMar 18, 2009
D-MIDale E. KildeeMar 18, 2009
D-NYDaniel B. MaffeiMar 18, 2009
D-FLDebbie Wasserman SchultzMar 18, 2009
D-NYEric J. J. MassaMar 18, 2009
D-AZGabrielle GiffordsMar 18, 2009
D-VAGerald E. ConnollyMar 18, 2009
D-MIMark H. SchauerMar 18, 2009
D-NMMartin HeinrichMar 18, 2009
D-NYMaurice D. HincheyMar 18, 2009
D-HIMazie K. HironoMar 18, 2009
D-NYPaul TonkoMar 18, 2009
D-INPeter J. ViscloskyMar 18, 2009
D-ILPhil HareMar 18, 2009
Show all 16 cosponsors

Actions 2

Everything that happened, newest first.

  1. Mar 16, 2009Introduced in House
  2. 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.

BillTitleRelationshipLatest action
HR 1518Bailout Bonus Tax Bracket Act of 2009Related billMar 16, 2009
HR 1542To 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 billMar 17, 2009
HR 1543To amend the Internal Revenue Code of 1986 to impose a tax on bonuses received from companies receiving TARP funds.Related billMar 17, 2009
HR 1572Taxpayer Protection ActRelated billMar 17, 2009
HR 1586FAA Air Transportation Modernization and Safety Improvement ActRelated billAug 10, 2010
Show all 8 related bills

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Mar 16, 2009Introduced in House

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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.