S 1732
106th Congress
Senate
Taxation
Employee ownership
Excise tax
Finance and Financial Sector
Labor and Employment
Stockholders
Tax penalties
A bill to amend the Internal Revenue Code of 1986 to prohibit certain allocations of S corporation stock held by an employee stock ownership plan.
Introduced: October 14, 1999
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 14, 1999
Read twice and referred to the Committee on Finance.
Oct 14, 1999
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to prohibit certain allocations of S corporation stock held by an employee stock ownership plan.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1