| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | General Assembly Proposed Bill No. 6373 | |
| 2 | 2 | January Session, 2017 LCO No. 2445 | |
| 3 | 3 | *02445* | |
| 4 | 4 | Referred to Committee on FINANCE, REVENUE AND BONDING | |
| 5 | 5 | Introduced by: | |
| 6 | 6 | REP. ALBIS, 99th Dist. REP. LEMAR, 96th Dist. REP. ELLIOTT, 88th Dist. | |
| 7 | 7 | ||
| 8 | 8 | General Assembly | |
| 9 | 9 | ||
| 10 | 10 | Proposed Bill No. 6373 | |
| 11 | 11 | ||
| 12 | 12 | January Session, 2017 | |
| 13 | 13 | ||
| 14 | 14 | LCO No. 2445 | |
| 15 | 15 | ||
| 16 | 16 | *02445* | |
| 17 | 17 | ||
| 18 | 18 | Referred to Committee on FINANCE, REVENUE AND BONDING | |
| 19 | 19 | ||
| 20 | 20 | Introduced by: | |
| 21 | 21 | ||
| 22 | 22 | REP. ALBIS, 99th Dist. | |
| 23 | 23 | ||
| 24 | 24 | REP. LEMAR, 96th Dist. | |
| 25 | 25 | ||
| 26 | 26 | REP. ELLIOTT, 88th Dist. | |
| 27 | 27 | ||
| 28 | 28 | AN ACT ESTABLISHING A PAY RATIO CORPORATION INCOME TAX ON PUBLICLY TRADED COMPANIES. | |
| 29 | 29 | ||
| 30 | 30 | Be it enacted by the Senate and House of Representatives in General Assembly convened: | |
| 31 | 31 | ||
| 32 | 32 | That the general statutes be amended to replace the current corporation income tax on publicly traded corporations with a corporation income tax rate based on the ratio between such corporation's highest paid employee and the median compensation level of such corporation's employees as follows: (1) For a pay ratio of 25:1 or less, five per cent; (2) for a pay ratio of greater than 25:1 up to and including 100:1, seven and one-half per cent; (3) for a pay ratio of greater than 100:1 up to and including 250:1, ten per cent; and (4) for a pay ratio of greater than 250:1, twenty-five per cent. | |
| 33 | 33 | ||
| 34 | 34 | Statement of Purpose: | |
| 35 | 35 | ||
| 36 | 36 | To replace the current corporation income tax on publicly traded corporations with a corporation income tax rate based on a pay ratio scale. |