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S 2244 106th Congress Senate Taxation Business income tax Capital gains tax Commerce Economics and Public Finance Employee stock options Federal budgets Finance and Financial Sector Foreign Trade and International Finance Gross national product Income tax Individual retirement accounts Labor and Employment Personal income tax Small business Tax credits Tax deductions Tax exclusion Tax refunds

Working Families Trade Bonus Act

Introduced: March 9, 2000 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 9, 2000
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1417-1419)
Mar 9, 2000
Sponsor introductory remarks on measure. (CR S1416-1417)
Mar 9, 2000
Introduced in Senate
 Plain-English summary Congressional Research Service
Working Families Trade Bonus Act - Provides for the determination and announcement of whether international trade of the United States contributed to an increase in the gross domestic product of the United States for such calendar year.

States that if there is an increase in the portion of the gross domestic product of the United States for any calendar year which is attributable to international trade of the United States workers ought to share in the benefits of the increase through employee stock purchase plans and additional contributions to individual retirement plans for those unable to participate in employee stock purchase plans.

Amends the Internal Revenue Code to provide for an exclusion of gain for stock acquired through an employee stock purchase plan when there is a declared trade bonus.

Provides that for any year in which there is a declared trade bonus additional qualified retirement contributions may be made.

Establishes a credit for small employer stock purchase plan start-up costs.

What's happening now March 9, 2000

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1417-1419)

 Committees of jurisdiction 1