No Bonuses During Blackouts Act of 2019 This bill imposes the alternative minimum tax on state regulated electric utilities that are in bankruptcy reorganization and that make incentive-based payments, other than salary, to any of their 13 highest compensated employees, or that own or lease infrastructure other than climate-resilient infrastructure (i.e., infrastructure capable of reducing the impact of major weather events and natural disasters).
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Atmospheric science and weatherBankruptcyCorporate finance and managementElectric power generation and transmissionIncome tax ratesInfrastructure developmentNatural disastersPublic utilities and utility ratesWages and earnings
No Bonuses During Blackouts Act of 2019
USA116th CongressHR-5258| House
| Updated: 11/22/2019
No Bonuses During Blackouts Act of 2019 This bill imposes the alternative minimum tax on state regulated electric utilities that are in bankruptcy reorganization and that make incentive-based payments, other than salary, to any of their 13 highest compensated employees, or that own or lease infrastructure other than climate-resilient infrastructure (i.e., infrastructure capable of reducing the impact of major weather events and natural disasters).
Atmospheric science and weatherBankruptcyCorporate finance and managementElectric power generation and transmissionIncome tax ratesInfrastructure developmentNatural disastersPublic utilities and utility ratesWages and earnings