H.R. 4884 · 109th Congress
No Special Deals for Executives Act of 2006
- Stage
- In committee
- Sponsor
- Mark Kennedy
- Introduced
- 2006-03-07
- Latest action
- 2006-03-07 · Introduced in House
Summary
No Special Deals for Executives Act of 2006 - Amends the Internal Revenue Code to require any participant in a tax-exempt defined benefit plan which has a funding target attainment percentage of less than 80% to include in gross income the value of assets set aside to pay deferred compensation under a nonqualified deferred compensation plan of the employer maintaining the defined benefit plan.