2022 House Bill 6523

Authorize steep surcharge on companies with high CEO pay

Introduced in the House

Nov. 29, 2022

Introduced by Rep. Yousef Rabhi (D-53)

To authorize state officials to impose a tax surcharge as high as 50% on corporations based on the amount that the ratio between the pay of their chief executive officer and that of the median employee’s exceeds what the provisions of this law would deem to be excessive.

Referred to the Committee on Tax Policy