Employee Stock Ownership Plan Expansion Act

Summary

Employee Stock Ownership Plan Expansion Act - Amends the Internal Revenue Code to repeal the voting rights pass through requirement as it applies to employee stock ownership plans of closely-held corporations. Allows the acquisition of nonvoting common stock by employee stock ownership plans if the employer has a class of nonvoting common stock outstanding and the specific shares acquired have been issued and outstanding for at least 24 months.

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Timeline

1. 27 October 1983

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 27 October 1983

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 October 1983

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 27 October 1983

  Open at official source

Sponsors

• Rep. Pickle, J. J. [D-TX-10] · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← Employee Stock Ownership Plan Expansion Act