Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- S.1212
S.1212: Promotion and Expansion of Private Employee Ownership Act of 2015
About This Bill
- Introduced May 6, 2015
- Latest Major Action May 6, 2015
- See the six similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
34 (15 Democrats, 2 Independent Democrats, 17 Republicans)
Bill Summary
Promotion and Expansion of Private Employee Ownership Act of 2015 Amends the Internal Revenue Code to extend to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an S corporation-sponsored employee stock ownership plan (ESOP). Directs the Department of the Treasury to establish the S Corporation Employee Ownership Assistance Office to foster increased...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 6, 2015 |
Read twice and referred to the Committee on Finance.
|
| May 6, 2015 |
Introduced in the Senate by Benjamin L. Cardin (D-Md.) |