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- S.1300
S.1300: Promotion and Expansion of Private Employee Ownership Act of 2021
About This Bill
- Introduced April 22, 2021
- Latest Major Action April 22, 2021
- See the six similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
38 (18 Democrats, 2 Independent Democrats, 18 Republicans)
Bill Version
- Introduced in Senate - April 22, 2021
Bill Summary
Promotion and Expansion of Private Employee Ownership Act of 2021 This bill expands tax incentives and federal assistance for employee stock ownership plans (ESOPs) that are sponsored by S corporations. The bill extends to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an ESOP. The Department of the Treasury must establish the S Corporation Employee...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
April 22, 2021 |
Read twice and referred to the Committee on Finance.
|
April 22, 2021 |
Introduced in the Senate by Benjamin L. Cardin (D-Md.) |