United States · Bill · S
S. 673 (105th)
ESOP Promotion Act of 1997
Introduced
30 April 1997
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
21 August 2025
Summary
ESOP Promotion Act of 1997 - Repeals provisions of the Small Business Job Protection Act of 1996 which made certain employee stock ownership plan (ESOP) benefits inapplicable to S corporations (certain small business corporations). Excludes from gross income transfers of qualified securities in connection with the performance of services if such securities are sold to an ESOP within 60 days of the taxable event. Permits ESOP dividends to be reinvested without losing the dividend deduction.
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 30 April 1997
Introduced in Senate (PDF)
Introduced in Senate · EN · 30 April 1997
Introduced in Senate
summary · EN · 30 April 1997
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/105th-congress/senate-bill/673
- Open data entity: https://api.congress.gov/v3/bill/105/s/673