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- H.R.3562
H.R.3562: Employee Participation Incentive Act of 1998
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced March 26, 1998
- Latest Major Action March 26, 1998
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Employee Participation Incentive Act of 1998 - Amends the Internal Revenue Code to: (1) establish a maximum tax rate of 30 percent for certain corporations with both an employee voting and value percentage of at least 20 percent; (2) provide an exclusion, of up to 20 percent of wages, from gross income for compensation paid in stock by certain corporations; and (3) permit a deduction to certain corporations when granting qualified stock options.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| March 26, 1998 |
Introduced in the House by Robert E. Andrews (D-N.J.) |