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CT HB05175

Bill

Official Source

Status

Introduced

2/11/2010

Primary Sponsor

Mary Fritz

Click for details

Origin

House of Representatives

2010 General Assembly

AI Summary

  • Imposes a 90% tax on bonuses received by employees of businesses that received Troubled Asset Relief Program (TARP) funds
  • Tax applies only to taxpayers with total income exceeding $125,000 (individual) or $250,000 (joint filers)
  • Tax is levied on the bonus portion of income at the 90% rate while other income remains untaxed
  • Referred to Committee on Finance, Revenue and Bonding
  • Stated purpose is to require those responsible for the economic crisis to contribute to economic recovery

Legislative Description

An Act Imposing A Tax On Bonuses Received By Employees Of Businesses That Received Funds Under The Troubled Asset Relief Program.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/11/2010

Committee Referrals

Finance, Revenue and Bonding2/11/2010

Full Bill Text

No bill text available