Curtailing Executive Overcompensation (CEO) Act imposes an excise tax on excessive pay disparity for large employers.

The Curtailing Executive Overcompensation (CEO) Act amends the Internal Revenue Code to impose an excise tax on employers with significant pay disparity between their highest-paid executives and other employees. The tax applies to employers with gross receipts over $100 million for three consecutive years and who have paid wages exceeding $10 million annually. The tax is the lesser of 1% of the pay disparity factor or 1% of the employer's gross receipts.

Curtailing Executive Overcompensation (CEO) Act imposes an excise tax on excessive pay disparity for large employers.

The Curtailing Executive Overcompensation (CEO) Act amends the Internal Revenue Code to impose an excise tax on employers with significant pay disparity between their highest-paid executives and other employees. The tax applies to employers with gross receipts over $100 million for three consecutive years and who have paid wages exceeding $10 million annually. The tax is the lesser of 1% of the pay disparity factor or 1% of the employer's gross receipts.