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 Bill Status of HB3335  100th General Assembly


Short Description:  COMPENSATION EQUITY FEE

House Sponsors
Rep. Jaime M. Andrade, Jr.

Last Action
DateChamber Action
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
Creates the Business Compensation Equity Fee Act. Provides that, beginning on January 1, 2018, an annual fee is imposed on each publicly traded company doing business in the State if the company reports a pay ratio between its chief executive officer's compensation and its employees' median pay of at least 100:1 on a disclosure filed with the United States Securities and Exchange Commission during the taxable year. Provides that, if the company reports a pay ratio of at least 100:1 but less than 250:1, then the amount of the fee shall be $1,500 annually, and if the company reports a pay ratio of 250:1 or greater, then the fee shall be $2,500 annually. Contains provisions concerning the administration of the Act. Effective immediately.

Actions 
DateChamber Action
  2/9/2017HouseFiled with the Clerk by Rep. Jaime M. Andrade, Jr.
  2/10/2017HouseFirst Reading
  2/10/2017HouseReferred to Rules Committee
  2/22/2017HouseAssigned to Economic Justice & Equity Committee
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

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