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- H.R.4577
H.R.4577: Expanding Employee Ownership Act of 2016
About This Bill
- Introduced Feb. 12, 2016
- Latest Major Action Feb. 12, 2016
- See the six similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
3 (2 Democrats, 1 Republican)
Bill Summary
Expanding Employee Ownership Act of 2016 This bill amends the Internal Revenue Code to exclude from the gross income of an employee: (1) shares of employer securities received in a qualified employee stock distribution as compensation for services that do not exceed the lowest number of employer securities received by any employee in such distribution; (2) any gain on such securities if held by an employee for not less than 10 years; and (3)...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Feb. 12, 2016 |
Referred to the House Committee on Ways and Means.
|
| Feb. 12, 2016 |
Introduced in the House by Dana Rohrabacher (R-Calif.) |