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- S.1612
S.1612: Employee Stock Ownership Plan Promotion and Improvement Act of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced Aug. 6, 2009
- Latest Major Action Aug. 6, 2009
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
9 (5 Democrats, 1 Independent Democrat, 4 Republicans)
Bill Summary
Employee Stock Ownership Plan Promotion and Improvement Act of 2009 - 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 |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| Aug. 6, 2009 |
Introduced in the Senate by Blanche Lincoln (D-Ark.) |