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United States · Bill · HR

H.R. 8606 (116th)

To defer the tax of certain sales of employer stock and reduce certain retirement-related excise taxes, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

16 October 2020

Last action

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Status

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.

Sponsors

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Subjects

Discovery layer

Source updated

21 July 2025

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Summary

This bill extends to all domestic corporations (including S corporations) the deferral of tax on certain sales of employer stock to employee stock ownership plans (ESOPs) and reduces certain retirement-related excise taxes. Specifically, the bill reduces excise tax rates of certain excess accumulations in tax-exempt retirement plans and on failures to take required minimum distributions from such plans. It also allows employers who establish a tax-exempt 403(b) pension plan to participate in a multiple employer plan. The bill extends the tax credit for small employer pension plan startup costs to employers that join an existing plan.

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Documents

3 official files

Introduced in House (text)

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