Tennessee · 114 session · senate
SB 405Taxes, 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.
- Status
- Signed into law
- Latest action
- — Assigned to General Subcommittee of Senate Finance, Ways & Means Committee
- Primary sponsor
- Lamar
- Taxes, Excise
Sponsors
- Lamar · primaryprimary
Effective dates
What law changes on each date. Different sections can land on different dates.
- July 1, 2025In effect1 section
Extracted from the latest version's text.