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.
Introduced
16 October 2020
Last action
16 October 2020 · Introduced
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
Rep. Kind, Ron [D-WI-3], Rep. Kelly, Mike [R-PA-16], Rep. Smith, Jason [R-MO-8]
Subjects
Taxation
Source updated
21 July 2025
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.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
16 October 2020
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
16 October 2020
Introduced
Introduced in House
Source: IntroReferral
16 October 2020
Introduced
Introduced in House
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in House · 16 October 2020 · Download file
Documents
3 official files
Introduced in House (text)
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Introduced in House (text)
Introduced in House · EN · 16 October 2020
Introduced in House (PDF)
Introduced in House · EN · 16 October 2020
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Introduced in House
summary · EN · 16 October 2020
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Kind, Ron [D-WI-3] · D · Sponsor
- Rep. Kelly, Mike [R-PA-16] · R · Sponsor
- Rep. Smith, Jason [R-MO-8] · R · Sponsor
- · hsed00 · Standing
- · hswm00 · Standing
Related records
- related to ← Securing a Strong Retirement Act of 2020
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/116th-congress/house-bill/8606
- Open data entity: https://api.congress.gov/v3/bill/116/hr/8606
- us · 116-hr-8606 · source updated 21 July 2025