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- H.R.3111
H.R.3111: Employee Stock Ownership Plan Promotion and Improvement Act of 2005
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced June 29, 2005
- Latest Major Action July 1, 2005
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
15 (3 Democrats, 13 Republicans)
Bill Summary
Employee Stock Ownership Plan Promotion and Improvement Act of 2005 - Amends the Internal Revenue Code to: (1) exempt certain distributions, including dividends, by S corporations to an employee stock ownership plan (ESOP) from the penalty tax for premature employee benefit plan withdrawals; (2) exempt deductions for ESOP dividends from corporate alternative minimum tax adjustments based on adjusted earnings and profits; (3) allow deferral of...
(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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|
Referred to the Subcommittee on Trade.
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June 29, 2005 |
Introduced in the House by Nancy Lee Johnson (R-Conn.) |