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- H.R.913
H.R.913: Employee Ownership Act of 2003
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about congress
- Introduced Feb. 25, 2003
- Latest Major Action Feb. 25, 2003
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Employee Ownership Act of 2003 - Declares the policy of the United States that, by the year 2010, 30 percent of all U.S. corporations shall be owned and controlled by their employees.Amends the Internal Revenue Code to provide for tax-exempt employee-owned and employee-controlled corporation (EOECC) trusts whose primary assets consist of the employer securities of an EOECC.Declares that: (1) there shall be no tax on the corporate income of an...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Feb. 25, 2003 |
Introduced in the House by Dana Rohrabacher (R-Calif.) |