United States · Bill · S
S. 1987 (95th)
Employee Business Ownership and Capital Formation Act
Introduced
2 August 1977
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Employee Business Ownership and Capital Formation Act - Amends the Internal Revenue Code to provide a deduction to an employer, as a contribution to a stock bonus or profit-sharing plan, for the amount of any securities distributed to an employee pursuant to an employee business ownership plan. Declares that no income shall result to an employee at the time of distribution of employer securities to him pursuant to such a plan, or at any other time prior to his disposition of a security so distributed.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 2 August 1977
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/95th-congress/senate-bill/1987
- Open data entity: https://api.congress.gov/v3/bill/95/s/1987