Legislators
Bills
Statements
Lobbying
Travel
- Bills
- S.1982
S.1982: A bill 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 retir
About This Bill
- Introduced June 9, 2021
- Latest Major Action June 9, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - June 9, 2021
Bill Summary
This bill excludes certain purchases of employee-owned stock from being considered as outstanding voting stock for the purpose of the excise 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 an employee stock ownership plan in which...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
June 9, 2021 |
Read twice and referred to the Committee on Finance.
|
June 9, 2021 |
Introduced in the Senate by Debbie Stabenow (D-Mich.) |