Wealth Through the Workplace Act of 1999

Summary

Wealth Through the Workplace Act of 1999 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to establish requirements relating to certain stock purchase arrangements maintained by employers for at least 50 percent of their employees. Requires employers to provide annual descriptions of disclosure statements regarding such stock to employees granted an option to purchase it. Amends the Internal Revenue Code to provide for special treatment of stock options meeting such ERISA requirements. Permits employees to defer payment of taxes at a special rate on the stock obtained through the options until they sell the stock. Allows employers a limited tax deduction for such stock transfers to employees. Sets forth certain restrictions on disposition of transferred shares.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 18 November 1999

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• Introduced in House (PDF)

  Introduced in House · EN · 18 November 1999

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• Introduced in House

  summary · EN · 18 November 1999

  Open at official source

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