Tennessee · 114
HB 431
Taxes, 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.
Bill record: Open States bulk CSV (bills/votes) ocd-bill/2b7bd746-34a5-4fef-b4d0-4525e2656fca CC0-1.0
Summary AI-generated
Tennessee HB 431 proposes the 'CEO Pay Disparity Tax Act,' which amends TCA Title 67, Chapter 4 to impose an additional 0.1 percent surcharge on the standard 6.5 percent excise tax rate. This surcharge applies to companies where the top executive's compensation is at least 100 times the median income of the company's employees.
Software-generated, grounded only in the bill's own fields (it does not invent outcomes, amounts, or dates). Provenance: Open States bulk CSV (bills/votes) CC0-1.0 GovTally LLM enrichment (local oMLX)
Issue tags AI-classified
Classified by a local model from the bill's text; confidence shown. GovTally LLM enrichment (local oMLX)
Sponsors
- Justin Jones Democratic lead
Roll-call votes on this bill
| Motion / question | Chamber | Stage | Roll | Outcome | Yea | Nay | Other | Date | Source |
|---|---|---|---|---|---|---|---|---|---|
| HOUSE GOVERNMENT OPERATIONS COMMITTEE: ref. to Finance, Ways, and Means with… | lower | — | ffa71716-7207-44e3-9365-effbb8774118 | fail | 0 | 0 | 0 | Mar 17, 2025 | Open States bulk CSV (bills/votes) ocd-vote/ffa71716-7207-44e3-9365-effbb8774118 CC0-1.0 |