S. 1491 · 111th Congress

Ending Excessive Corporate Deductions for Stock Options Act

Stage
In committee
Sponsor
Carl Levin
Introduced
2009-07-22
Latest action
2009-07-22 · Introduced in Senate

Summary

Ending Excessive Corporate Deductions for Stock Options Act - Amends the Internal Revenue Code to: (1) limit the employer tax deduction for stock options granted to its employees to the value of such options as recorded on the employer's books at the time such options are granted; and (2) apply the $1 million limitation on the employer tax deduction for employee remuneration to stock option compensation.