A bill to amend the Internal Revenue Code of 1954 to increase the percentage-of-compensation limitation on employee stock ownership plan contributions.

referredUnited States· United States Congress· EN

Introduced

13 July 1978

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Amends the Internal Revenue Code to increase the annual amount which an employer may contribute to an employee stock ownership plan on behalf of an employee to 50 percent, or $25,000 whichever is less, of the compensation paid the employee.

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 13 July 1978
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/senate-bill/3291
Open data entity: https://api.congress.gov/v3/bill/95/s/3291