CEO Pay Disparity Tax Act
Amends TCA Title 67, Chapter 4.
Tennessee SB0405, titled the "CEO Pay Disparity Tax Act," proposes to impose an additional 0.1 percent surcharge on the standard 6.5 percent excise tax rate for companies whose top executive earns at least 100 times the median income of their employees. This bill affects corporations operating in Tennessee that meet the specified pay disparity criteria. Key provisions include the calculation of the surcharge based on the disparity between CEO compensation and median employee income.
Tennessee SB0405, titled the "CEO Pay Disparity Tax Act," proposes to impose an additional 0.1 percent surcharge on the standard 6.5 percent excise tax rate for companies whose top executive earns at least 100 times the median income of their employees. This bill affects corporations operating in Tennessee that meet the specified pay disparity criteria. Key provisions include the calculation of the surcharge based on the disparity between CEO compensation and median employee income.
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Lamar, London
114th General Assembly
January 28, 2025
April 17, 2026
Assigned to General Subcommittee of Senate Finance, Ways & Means Committee