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HR 2088 103th Congress House

ESOP Promotion and Improvement Act of 1993

Official title: To amend the Internal Revenue Code of 1986 in order to promote and improve employee stock ownership plans.

Introduced: September 14, 1993 See on congress.gov
Taxation Corporation taxesDividendsEmployee ownershipEstate tax
More subjectsShow fewer subjects
Excise taxIncome taxMinimum taxPension fundsSmall businessStocksTax exclusionTax penaltiesTax-deferred compensation plans
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 12, 1993
Referred to the House Committee on Ways and Means.
May 12, 1993
Sponsor introductory remarks on measure. (CR E1224-1225)
May 12, 1993
Introduced in House
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 Latest action May 12, 1993

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

ESOP Promotion and Improvement Act of 1993 - Amends the Internal Revenue Code to allow S corporations (certain small business corporations) to participate in employee stock ownership plans (ESOPs).

Permits ESOP participants whose compensation does not exceed a certain amount to contribute up to 50 percent of it to the plan.

Allows ESOP closely-held corporate sponsors to pay estate tax if an estate transferred the stock of the corporation to an ESOP.

Allows the deductibility of ESOP dividends in computing alternative minimum tax.

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 12
All 12 Democratic 2 Republican 2 Independent 1
R
Calvert, Ken
California · Aug 5, 1994
 D
Kaptur, Marcy
Ohio · Aug 5, 1994
DEUTSCH, PETER
· Jul 25, 1994
 D
Clyburn, James E.
South Carolina · Nov 22, 1993
MCINNIS, SCOTT
· Sep 23, 1993
 R
Rogers, Harold
Kentucky · Sep 14, 1993
 I
Sanders, Bernard
Vermont · Aug 6, 1993
HOUGHTON, AMO
· Aug 2, 1993
GOSS, PORTER
· Jul 28, 1993
LIPINSKI, WILLIAM
· May 27, 1993
STENHOLM, CHARLES
· May 12, 1993
TAUZIN, W.
· May 12, 1993
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2088: ESOP Promotion and Improvement Act of 1993. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-2088/
MLA
"H.R. 2088: ESOP Promotion and Improvement Act of 1993." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-2088/.
Bluebook (legal)
H.R. 2088, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-2088/.
Markdown link
[H.R. 2088: ESOP Promotion and Improvement Act of 1993](https://openamerica.io/bill/103-HR-2088/)
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