United States · Bill · HR
H.R. 3653 (109th)
Employee Participation Incentive Act of 2005
Introduced
6 September 2005
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
15 August 2025
Summary
Employee Participation Incentive Act of 2005 - Amends the Internal Revenue Code to: (1) cap at 30 percent the maximum income tax rate for corporations that have a 20 percent or greater employee ownership rate; (2) exclude from employee gross income up to 20 percent of wages paid in stock; and (3) allow such corporations a tax deduction for certain stock options granted to employees.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 6 September 2005
Introduced in House (PDF)
Introduced in House · EN · 6 September 2005
Introduced in House
summary · EN · 6 September 2005
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/109th-congress/house-bill/3653
- Open data entity: https://api.congress.gov/v3/bill/109/hr/3653