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United States · Bill · S

S. 889 (97th)

American Innovation and Employee Stock Ownership Act of 1981

openUnited States· United States Congress· EN

Introduced

7 April 1981

Last action

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Status

Committee on Finance requested executive comment from OMB; Treasury Department.

Sponsors

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Subjects

Discovery layer

Source updated

29 August 2025

Official sourceView documentsShare

Summary

American Innovation and Employee Stock Ownership Act of 1981 - Amends the Internal Revenue Code to reduce the rate of tax on the net capital gains of individuals and corporations which realize gain from the sale of qualified securities issued by small business corporations. Defines "qualified securities" as stock or securities issued by corporations which meet specified requirements relating to size, employee ownership, and research and development expenditures.

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Documents

1 official file

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