The American Rescue Plan Act (ARPA) contains amendments to the federal tax code that generally limits the ability of publicly-held corporations to deduct compensation amounts in excess of $1 million in any year with respect to certain executives of the corporation. The article, first published in the Benefits Law Journal, covers the following background and analysis:

• Rules in effect prior to ARPA
• Rules in effect post-ARPA
• Corporate challenges due to expansion of the covered employee group
• Key issues to be determined
• Other provisions in the Build Back Better Bill

This article was originally published by the Benefits Law Journal.