Taxes, Excise - As introduced, enacts the "CEO Pay Disparity Tax Act," which imposes a pay disparity surcharge in the amount of an additional 0.1 percent to the standard 6.5 percent excise tax rate on each company whose top executive is paid at least 100 times more than the median income of the company's employees. - Amends TCA Title 67, Chapter 4.
  • Bill History
  • Amendments
  • Video
  • Summary
  • Fiscal Note
  • Votes
  • Actions For SB0405Date
    Refer to Senate Finance, Ways & Means Revenue Subcommittee w/ negative recommendation03/18/2025
    Refer to Senate F,W&M Revenue Subcommittee02/18/2025
    Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee02/12/2025
    Introduced, Passed on First Consideration02/10/2025
    Filed for introduction01/28/2025
    Actions For HB0431Date
    Assigned to s/c Finance, Ways, and Means Subcommittee03/19/2025
    Ref. to Finance, Ways, and Means Committee with a Negative Recommendation03/17/2025
    Placed on cal. Government Operations Committee for 3/17/202503/12/2025
    P2C, ref. to Government Operations Committee for Review - Finance, Ways & Means Committee02/05/2025
    Intro., P1C.02/03/2025
    Filed for introduction01/28/2025
  • No amendments for SB0405.
    No amendments for HB0431.

  • Videos containing keyword: SB0405

  • Fiscal Summary

    STATE GOVERNMENT

    REVENUE

    General Fund

    FY25-26

    >$3,144,600

    FY26-27 & Subsequent Years

       >$7,861,600

       


    Bill Summary

    Abstract summarizes the bill.

  • FiscalNote for SB0405/HB0431 filed under SB0405

  • House Floor and Committee Votes

    HB0431 by Jones J - HOUSE GOVERNMENT OPERATIONS COMMITTEE:
    ref. to Finance, Ways, and Means with Negative Recommendation 3/17/2025
    Failed
              Ayes................................................4
              Noes................................................8

              Representatives voting aye were: Clemmons, Hardaway, McKenzie, Parkinson -- 4.
              Representatives voting no were: Fritts, Helton-Haynes, Lafferty, Maberry, Reedy, Reneau, Rudder, Sherrell -- 8.

    Senate Floor and Committee Votes

    Votes for Bill SB0405 by the Senate are not available.