Legislators
Bills
Statements
Lobbying
Travel
- Bills
- H.R.6370
H.R.6370: To amend the Internal Revenue Code of 1986 for purposes of the tax on private foundation excess business holdings to treat as outstanding any employee-owned stock purchased by a business enterprise pursuant to certain employee stock ownership retirement p
About This Bill
- Introduced Nov. 17, 2016
- Latest Major Action Nov. 17, 2016
- See the five similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
This bill amends the Internal Revenue Code to exclude certain purchases of employee-owned stock from being considered as outstanding voting stock for the purpose of the tax on excess business holdings of a private foundation in a business enterprise. The bill applies to any voting stock that is: (1) not readily tradable on an established securities market; (2) purchased by the business enterprise on or after January 1, 2005, from a stock...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Nov. 17, 2016 |
Referred to the House Committee on Ways and Means.
|
Nov. 17, 2016 |
Introduced in the House by George Holding (R-N.C.) |