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United States · Bill · HR

H.R. 2088 (103rd)

ESOP Promotion and Improvement Act of 1993

referredUnited States· United States Congress· EN

Introduced

12 May 1993

Last action

12 May 1993 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Ballenger, Cass [R-NC-10], Rep. Pickle, J. J. [D-TX-10], Rep. Rohrabacher, Dana [R-CA-48], Rep. Armey, Richard K. [R-TX-26], Rep. Barcia, James A. [D-MI-5], Rep. Boehner, John A. [R-OH-8], Sen. Bunning, Jim [R-KY], Rep. Burton, Dan [R-IN-5], Rep. Clayton, Eva M. [D-NC-1], Rep. Coble, Howard [R-NC-6], Rep. Condit, Gary A. [D-CA-18], Rep. Cox, Christopher [R-CA-48], Rep. Doolittle, John T. [R-CA-4], Rep. Duncan, John J., Jr. [R-TN-2], Rep. Ewing, Thomas W. [R-IL-15], Rep. Fawell, Harris W. [R-IL-13], Rep. Geren, Pete [D-TX-12], Rep. Gingrich, Newt [R-GA-6], Sen. Grams, Rod [R-MN], Rep. Gunderson, Steve [R-WI-3], Rep. Hancock, Mel [R-MO-7], Rep. Johnson, Nancy L. [R-CT-5], Rep. Johnson, Sam [R-TX-3], Rep. Kolbe, Jim [R-AZ-8], Sen. Kyl, Jon [R-AZ], Rep. Lancaster, H. Martin [D-NC-3], Rep. Linder, John [R-GA-7], Rep. McCrery, Jim [R-LA-4], Rep. McMillan, J. Alex [R-NC-9], Rep. Morella, Constance A. [R-MD-8], Rep. Packard, Ron [R-CA-48], Rep. Paxon, Bill [R-NY-27], Rep. Petri, Thomas E. [R-WI-6], Rep. Poshard, Glenn [D-IL-22], Rep. Shays, Christopher [R-CT-4], Rep. Solomon, Gerald B. H. [R-NY-22], Rep. Stenholm, Charles W. [D-TX-17], Rep. Tauzin, W. J. (Billy) [R-LA-3], Sen. Thomas, Craig [R-WY], Rep. Traficant, James A., Jr. [D-OH-17], Rep. Taylor, Charles H. [R-NC-11], Rep. Wolf, Frank R. [R-VA-10], Rep. Hyde, Henry J. [R-IL-6], Rep. Lipinski, William O. [D-IL-3], Rep. Neal, Stephen L. [D-NC-5], Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Bevill, Tom [D-AL-4], Rep. Pryce, Deborah [R-OH-15]

Subjects

Taxation

Source updated

26 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

ESOP Promotion and Improvement Act of 1993 - Amends the Internal Revenue Code to allow S corporations (certain small business corporations) to participate in employee stock ownership plans (ESOPs). Permits ESOP participants whose compensation does not exceed a certain amount to contribute up to 50 percent of it to the plan. Allows ESOP closely-held corporate sponsors to pay estate tax if an estate transferred the stock of the corporation to an ESOP. Allows the deductibility of ESOP dividends in computing alternative minimum tax. Excludes from gross income transfers of qualified securities in connection with the performance of services if such securities are sold to an ESOP within 60 days of the taxable event.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 12 May 1993

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 12 May 1993

    Introduced

    Sponsor introductory remarks on measure. (CR E1224-1225)

    Source: IntroReferral

  3. 12 May 1993

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 12 May 1993

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 12 May 1993

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  • Introduced in House (PDF)

    Introduced in House · EN · 12 May 1993

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  • Introduced in House

    summary · EN · 12 May 1993

    Open at official source

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Sponsors

Showing 48 of 117 sponsors and actors.

Related records

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Sources

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