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SB 405

  • Tennessee Senate Bill
  • 114th Regular Session (2025-2026)
  • Introduced in Senate Feb 10, 2025
  • Passed Senate Feb 12, 2025
  • House
  • Governor

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.

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Bill Subjects

Excise Taxes

Abstract

Bill Sponsors (1)

London Lamar

  • Democratic
  • Senator
  • District 33
Primary

Votes

No votes to display

Actions

Mar 18, 2025

Senate

Refer to Senate Finance, Ways & Means Revenue Subcommittee w/ negative recommendation

Feb 18, 2025

Senate

Refer to Senate F,W&M Revenue Subcommittee

Feb 12, 2025

Senate

Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee

Feb 10, 2025

Senate

Introduced, Passed on First Consideration

Jan 28, 2025

Senate

Filed for introduction

Bill Text

Bill Text Versions Format
Current Version PDF

Related Documents

Document Format
Fiscal Note

Sources

Data on Open States is updated periodically throughout the day from the official website of the Tennessee General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.