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- S.1512
S.1512: 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 Sept. 6, 2011
- Latest Major Action Sept. 6, 2011
- See the six similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
20 (10 Democrats, 1 Independent, 1 Independent Democrat, 8 Republicans)
Bill Summary
Promotion and Expansion of Private Employee Ownership Act of 2011 - Amends the Internal Revenue Code to 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). Directs the Secretary of the Treasury to establish the S Corporation Employee Ownership Assistance Office to foster increased...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| Sept. 6, 2011 |
Introduced in the Senate by Benjamin L. Cardin (D-Md.) |