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Searching...- Bills
- H.R.1592
H.R.1592: ESOP Promotion Act of 1997
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced May 14, 1997
- Latest Major Action May 14, 1997
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
25 (10 Democrats, 16 Republicans)
Bill Summary
ESOP Promotion Act of 1997 - Repeals provisions of the Small Business Job Protection Act of 1996 which made certain employee stock ownership plans (ESOP) benefits inapplicable to S corporations (certain small business corporations). Allows ESOP closely-held corporate sponsors to pay estate tax if an estate transferred the stock of the corporation to an ESOP. Permits ESOP dividends to be reinvested without losing the dividend deduction....
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| May 14, 1997 |
Introduced in the House by Cass Ballenger (R-N.C.) |