Senators’ bill would end tax break on stock options

Published Updated 3 Min Read

A new bill from a pair of Democratic senators would eliminate a tax break on corporate stock options.

 The bill was introduced Friday by Sen. Carl Levin, D-Mich., and Sherrod Brown, D-Ohio. It would end the ability for corporations to deduct expenses for stock options from their taxes at greater amounts than the expenses in their financial statements. The measure would reduce the federal budget deficit by $24.6 billion over 10 years, according to the Joint Committee on Taxation.

Michael Cohn
Editor-in-chief, AccountingToday.com

Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985. Prior to joining Accounting Today and WebCPA, he worked for … Read full bio


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