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- S.742
S.742: Promotion and Expansion of Private Employee Ownership Act of 2013
About This Bill
- Introduced April 16, 2013
- Latest Major Action April 16, 2013
- See the six similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
21 (12 Democrats, 1 Independent Democrat, 8 Republicans)
Bill Summary
Promotion and Expansion of Private Employee Ownership Act of 2013 - 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 |
|---|---|
| April 16, 2013 |
Read twice and referred to the Committee on Finance.
|
| April 16, 2013 |
Introduced in the Senate by Benjamin L. Cardin (D-Md.) |