A bill to amend the Internal Revenue Code of 1954 to require that employee stock ownership plans financed through an additional investment credit be nondiscriminatory to any group of employees.

referredUnited States· United States Congress· EN

Introduced

13 October 1978

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to expand the participation requirements of employee stock ownership plans by disallowing the 11 percent investment credit for funding the plans if they exclude any employees, including employees otherwise covered by collective bargaining arrangements, from participation.

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Votes

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 13 October 1978
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/14341
Open data entity: https://api.congress.gov/v3/bill/95/hr/14341