Promotion and Expansion of Private Employee Ownership Act of 2013

Summary

Promotion and Expansion of Private Employee Ownership Act of 2013 - Amends the Internal Revenue Code to extend to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an S corporation-sponsored employee stock ownership plan (ESOP). Directs the Secretary of the Treasury to establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations. Amends the Small Business Act to define "ESOP business concern" and allow such a concern to continue to qualify for loans, preferences, and other programs under such Act.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 16 April 2013

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 16 April 2013

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• Introduced in Senate

  summary · EN · 16 April 2013

  Open at official source

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