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- H.R.3653
H.R.3653: Employee Participation Incentive Act of 2005
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced Sept. 6, 2005
- Latest Major Action Sept. 6, 2005
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Employee Participation Incentive Act of 2005 - Amends the Internal Revenue Code to: (1) cap at 30 percent the maximum income tax rate for corporations that have a 20 percent or greater employee ownership rate; (2) exclude from employee gross income up to 20 percent of wages paid in stock; and (3) allow such corporations a tax deduction for certain stock options granted to employees.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Sept. 6, 2005 |
Introduced in the House by Robert E. Andrews (D-N.J.) |