Promotion and Expansion of Private Employee Ownership Act of 2015

Summary

Promotion and Expansion of Private Employee Ownership Act of 2015 Amends the Internal Revenue Code to: (1) extend to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an S corporation-sponsored employee stock ownership plan (ESOP); and (2) allow a tax deduction for 50% of the interest incurred on loans to S corporation-sponsored ESOPs for the purchase of employer securities. Directs the Department of the Treasury to establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations. Amends the Small Business Act to define "ESOP business concern" and allow such a concern to continue to qualify for loans, preferences, and other programs under such Act.

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

Timeline

1. 29 April 2015

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 29 April 2015

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 29 April 2015

   Introduced

   Introduced in House

   Source: IntroReferral

4. 29 April 2015

   Introduced

   Introduced in House

   Source: IntroReferral

5. 16 November 2015

   Referred

   Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 29 April 2015 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 April 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 29 April 2015

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 29 April 2015

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  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

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Sponsors

• Rep. Reichert, David G. [R-WA-8] · R · Sponsor
• Rep. Kind, Ron [D-WI-3] · D · Sponsor
• Rep. Tiberi, Patrick J. [R-OH-12] · R · Sponsor
• Rep. Neal, Richard E. [D-MA-1] · D · Sponsor
• Rep. Paulsen, Erik [R-MN-3] · R · Sponsor
• Rep. Blumenauer, Earl [D-OR-3] · D · Sponsor
• Rep. Boustany, Charles W., Jr. [R-LA-3] · R · Sponsor
• Rep. Pascrell, Bill, Jr. [D-NJ-9] · D · Sponsor
• Rep. Dold, Robert J. [R-IL-10] · R · Cosponsor
• Rep. Ashford, Brad [D-NE-2] · D · Cosponsor
• Rep. Moore, Gwen [D-WI-4] · D · Cosponsor
• Rep. Smith, Jason [R-MO-8] · R · Cosponsor
• Rep. Marchant, Kenny [R-TX-24] · R · Cosponsor
• Rep. Conyers, John, Jr. [D-MI-13] · D · Cosponsor
• Rep. Davis, Rodney [R-IL-13] · R · Cosponsor
• Rep. Goodlatte, Bob [R-VA-6] · R · Cosponsor
• Sen. Cramer, Kevin [R-ND] · R · Cosponsor
• Rep. Yoder, Kevin [R-KS-3] · R · Cosponsor
• Rep. Abraham, Ralph Lee [R-LA-5] · R · Cosponsor
• Rep. Roskam, Peter J. [R-IL-6] · R · Cosponsor
• Rep. Noem, Kristi L. [R-SD-At Large] · R · Cosponsor
• Rep. Grothman, Glenn [R-WI-6] · R · Cosponsor
• Rep. Blum, Rod [R-IA-1] · R · Cosponsor
• Rep. Walz, Timothy J. [D-MN-1] · D · Cosponsor
• Rep. Jenkins, Lynn [R-KS-2] · R · Cosponsor
• Rep. Simpson, Michael K. [R-ID-2] · R · Cosponsor
• Rep. Hultgren, Randy [R-IL-14] · R · Cosponsor
• Rep. Meehan, Patrick [R-PA-7] · R · Cosponsor
• Rep. McMorris Rodgers, Cathy [R-WA-5] · R · Cosponsor
• James Renacci · R · Cosponsor
• Rep. Huizenga, Bill [R-MI-4] · R · Cosponsor
• Rep. Thompson, Glenn [R-PA-15] · R · Cosponsor
• Rep. Peterson, Collin C. [D-MN-7] · D · Cosponsor
• Rep. Costello, Ryan A. [R-PA-6] · R · Cosponsor
• Rep. Ribble, Reid J. [R-WI-8] · R · Cosponsor
• Rep. Hurt, Robert [R-VA-5] · R · Cosponsor
• Rep. Farr, Sam [D-CA-20] · D · Cosponsor
• Rep. Emmer, Tom [R-MN-6] · R · Cosponsor
• Rep. Coffman, Mike [R-CO-6] · R · Cosponsor
• Rep. Fitzpatrick, Michael G. [R-PA-8] · R · Cosponsor
• Rep. Ellison, Keith [D-MN-5] · D · Cosponsor
• Rep. Pittenger, Robert [R-NC-9] · R · Cosponsor
• Rep. Reed, Tom [R-NY-23] · R · Cosponsor
• Rep. Young, David [R-IA-3] · R · Cosponsor
• Rep. Sessions, Pete [R-TX-17] · R · Cosponsor
• Rep. Brownley, Julia [D-CA-26] · D · Cosponsor
• ROBERT BRADY · D · Cosponsor
• Rep. Hanna, Richard L. [R-NY-22] · R · Cosponsor

Showing 48 of 99 sponsors and actors.

Related records

• related to → Promotion and Expansion of Private Employee Ownership Act of 2017
• related to ← Promotion and Expansion of Private Employee Ownership Act of 2015
• related to ← An original resolution expressing the sense of the Committee on Small Business and Entrepreneurship of the Senate relating to easing the burden of Federal tax compliance on small businesses.