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- H.R.5207
H.R.5207: Employee Stock Ownership Plan Promotion and Improvement Act of 2010
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced May 5, 2010
- Latest Major Action May 5, 2010
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
14 (6 Democrats, 8 Republicans)
Bill Summary
Employee Stock Ownership Plan Promotion and Improvement Act of 2010 - 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
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Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Referred to House Ways and Means
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Referred to House Small Business
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| May 5, 2010 |
Introduced in the House by Charles Boustany Jr. (R-La.) |