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- H.R.1244
H.R.1244: Promotion and Expansion of Private Employee Ownership Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced March 29, 2011
- Latest Major Action April 15, 2011
- See the seven similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
94 (34 Democrats, 60 Republicans)
Bill Summary
Promotion and Expansion of Private Employee Ownership Act of 2011 - Amends the Internal Revenue Code to: (1) extend to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an S corporation-sponsored employer stock ownership plan (ESOP); and (2) allow a tax deduction for 50% of the interest incurred on loans to S corporation-sponsored ESOPs for the purchase of...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
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Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and 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 Education and the Workforce
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Referred to House Small Business
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Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
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| March 29, 2011 |
Introduced in the House by Dave Reichert (R-Wash.) |