,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #acje  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #d1 #bjae ,ms4   
,lee 7= h]self1 ,mr4 ,cony]s1 ,mr4      
,ellison1 ,ms4 ,s*ak[sky1 & ,mr4 ,pocan7
 introduc$ ! foll[+ bill2 :i* 0 ref]r$  
to ! ,committee on ,ways & ,means  ,a   
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to limit ! d$uctibility ( 
excessive rates ( executive comp5sation4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,income ,equity ,act ( #bjae4  #b4  
,d5ial ( d$uction = paym5ts ( excessive 
comp5sation  7a7 ,9 g5]al ,section #afb 
( ! ,int]nal ,rev5ue ,code ( #aihf is   
am5d$ by ins]t+ aft] subsection 7h7 !   
foll[+ new subsection3  7i7 ,excessive  
comp5sation  7#a7 ,9 g5]al ,no d$uction 
%all be all[$ "u ?is *apt] = any        
excessive comp5sation ) respect to any  
full-"t employee4  7#b7 ,excessive      
comp5sation ,= purposes ( ?is           
subsection1 ! t]m excessive comp5sation 
means1 ) respect to any employee1 !     
am\nt by :i*--  7,a7 ! comp5sation =    

s]vices p]=m$ by su* employee dur+ !    
taxable ye>1 exce$s  7,b7 ! great] (--  
7i7 an am\nt equal to #be times ! m$ian 
comp5sation paid by ! employ] = s]vices 
p]=m$ by full-"t employees dur+ su*     
taxable ye>1 or  7ii7 #ejj1jjj4  7#c7   
,def9itions & special rules ,= purposes 
( ?is subsection-- 7,a7 ,comp5sation    
7i7 ,9 g5]al ,! t]m comp5sation includes
 wages1 sal>y1 def]r$ comp5sation1      
retirem5t contributions1 options1       
bonuses1 prop]ty1 & any o!r =m (        
comp5sation or bonus t ! ,secret>y      
det]m9es is appropriate4  7ii7 ,"p-ye>  
employees ,9 ! case ( any "p-ye>        
employee1 ! comp5sation ( ! employee    
%all be comput$ on an annualiz$ basis4  
7,b7 ,employ] ,all p]sons treat$ z a    
s+le employ] "u subsection 7a7 or 7b7 ( 
section #eb or subsection 7m7 or 7o7 (  
section #dad %all be treat$ z #a        
employ]4  7#d7 ,report+ ,ea* employ] :o 
provides comp5sation 9 any taxable ye>  
to any employee 9 an am\nt :i* is m ?an 
! am\nt describ$ 9 p>agraph 7#b77;,b77i7

 ) respect to ! employ] = ! taxable ye>1
 %all file a report ) ! ,secret>y       
conta9+-- 7,a7 ! am\nt describ$ 9       
p>agraph 7#b77;,b77i7 ) respect to !    
employ] = ! taxable ye>1  7,b7 ! av]age 
pay ( all non-manag]ial employees1  7,c7
 ! av]age pay ( all executive /aff1 &   
7,d7 ! comp5sation ( ! top #e employees 
( ! company4  ,any su* report %all be   
fil$ at su* "t & 9 su* mann] z !        
,secret>y may require4  4  7b7          
,effective date ,! am5dm5t made by ?is  
section %all apply to taxable ye>s      
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4