Tennessee · 114th Regular Session (2025-2026) · Bill

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.

In committee Last action March 19, 2025: Assigned to s/c Finance, Ways, and Means Subcommittee

Plain-language summary

HB 431 is a bill introduced in the Tennessee House on January 28, 2025. According to its official title, it concerns: 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. Primary sponsor: Justin Jones (Democratic). Most recent recorded action (March 19, 2025): Assigned to s/c Finance, Ways, and Means Subcommittee.

Sponsors

Primary sponsor: Justin Jones (Democratic).