2025-2026 Regular Session • Tennessee Legislature
HB0431: AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, relative to the "CEO Pay Disparity Tax Act."
Legislative Summary
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.
Demographic Impact
Overall analysis of equity impact
Neutral
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Bill History
1/28/2025
Filed for introduction
House of Representatives
2/3/2025
Intro., P1C.
House of Representatives
2/5/2025
P2C, ref. to Government Operations Committee for Review - Finance, Ways & Means Committee
House of Representatives
3/12/2025
Placed on cal. Government Operations Committee for 3/17/2025
House of Representatives
3/17/2025
Ref. to Finance, Ways, and Means Committee with a Negative Recommendation
House of Representatives
3/19/2025
Assigned to s/c Finance, Ways, and Means Subcommittee
House of Representatives
Roll Call Votes
HOUSE GOVERNMENT OPERATIONS COMMITTEE: ref. to Finance, Ways, and Means with Negative Recommendation
3/17/2025
4
Yea
8
Nay
0
Not Voting
0
Absent
Result: FAILED
Status Information
Current Status
Introduced(1/28/2025)
Chamber
House of Representatives
Sponsors
Democrat: 1
Primary Sponsor
Justin Jones
Democrat