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

SB 405: 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 Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 405 is a bill introduced in the Tennessee Senate 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: London Lamar (Democratic). Most recent recorded action (April 17, 2026): Assigned to General Subcommittee of Senate Finance, Ways & Means Committee.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
London LamarPrimary sponsorDemocraticSenate33

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Assigned to General Subcommittee of Senate Finance, Ways & Means Committee
  2. Refer to Senate Finance, Ways & Means Revenue Subcommittee w/ negative recommendation
  3. Refer to Senate F,W&M Revenue Subcommittee
  4. Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee
  5. Introduced, Passed on First Consideration
  6. Filed for introduction

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source