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United States · Bill · HR

H.R. 3586 (111th)

S Corporation ESOP Promotion and Expansion Act of 2009

referredUnited States· United States Congress· EN

Introduced

16 September 2009

Last action

16 November 2009 · Referred

Status

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

Sponsors

Rep. Kind, Ron [D-WI-3], Rep. Blumenauer, Earl [D-OR-3], Rep. Paulsen, Erik [R-MN-3], Rep. Walz, Timothy J. [D-MN-1], Rep. Oberstar, James L. [D-MN-8], Rep. Driehaus, Steve [D-OH-1], Rep. Terry, Lee [R-NE-2], Rep. Polis, Jared [D-CO-2], Rep. Frank, Barney [D-MA-4], Rep. Pascrell, Bill, Jr. [D-NJ-9], Sen. Peters, Gary C. [D-MI], Rep. Goodlatte, Bob [R-VA-6], Rep. Tiberi, Patrick J. [R-OH-12], Rep. Schmidt, Jean [R-OH-2], Rep. Peterson, Collin C. [D-MN-7], Rep. Wu, David [D-OR-1], Rep. Delahunt, William D. [D-MA-10], Rep. Courtney, Joe [D-CT-2], Rep. Guthrie, Brett [R-KY-2], Rep. Platts, Todd Russell [R-PA-19], Rep. Reichert, David G. [R-WA-8], Rep. Kagen, Steve [D-WI-8], Rep. Roskam, Peter J. [R-IL-6], Rep. Sessions, Pete [R-TX-17], Rep. Green, Gene [D-TX-29], Rep. Cleaver, Emanuel [D-MO-5], Rep. Davis, Danny K. [D-IL-7], Rep. Gonzalez, Charles A. [D-TX-20], Rep. Graves, Sam [R-MO-6], Rep. Boswell, Leonard L. [D-IA-3], Rep. Akin, W. Todd [R-MO-2], Rep. Schwartz, Allyson Y. [D-PA-13], Sen. Moran, Jerry [R-KS], Rep. Moore, Gwen [D-WI-4]

Subjects

Taxation

Source updated

23 March 2026

Taxation

Official sourceDownload fileView documentsShare

Summary

S Corporation ESOP Promotion and Expansion Act of 2009 - 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 employer stock ownership plan (ESOP); (2) allow a tax deduction for interest incurred on loans to S corporation-sponsored ESOPs for the purchase of employer securities; (3) transfer liability for payment of estate tax on transfers of employer securities to an S corporation-sponsored ESOP from the estate executor to the ESOP; and (4) allow an estate tax deduction for 50% of the proceeds from the sale of employer securities to an S corporation-sponsored ESOP. Directs the Secretary of Labor to establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations.

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

Timeline

  1. 16 September 2009

    Introduced

    Referred to House Ways and Means

    Source: IntroReferral

  2. 16 September 2009

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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. 16 September 2009

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 16 September 2009

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 16 November 2009

    Referred

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

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 16 September 2009

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 16 September 2009

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 16 September 2009

    Open at official source

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Sponsors

Related records

Sources

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