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HR 5207 111th Congress House Taxation Employee benefits and pensions Financial services and investments Government lending and loan guarantees Income tax deductions Income tax exclusion Income tax rates Interest, dividends, interest rates Securities Small business

Employee Stock Ownership Plan Promotion and Improvement Act of 2010

Introduced: May 5, 2010 See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 5, 2010
Referred to House Small Business
May 5, 2010
Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 5, 2010
Referred to House Ways and Means
May 5, 2010
Introduced in House
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 Plain-English summary Congressional Research Service

Employee Stock Ownership Plan Promotion and Improvement Act of 2010 - Amends the Internal Revenue Code to: (1) exempt certain distributions, including dividends, by S corporations to an employee stock ownership plan (ESOP) from the penalty tax for premature employee benefit plan withdrawals; (2) exempt deductions for ESOP dividends from corporate alternative minimum tax adjustments based on adjusted earnings and profits; (3) allow deferral of the recognition of gain for certain sales to ESOPs sponsored by any domestic corporation, including S corporations; (4) allow reinvestment of ESOP stock proceeds eligible for nonrecognition of gain in certain mutual funds; and (5) modify certain ESOP stock ownership rules.

Amends the Small Business Act to allow a majority-owned ESOP business concern to continue to qualify for loans, preferences, and other programs under such Act.

What's happening now May 5, 2010

Referred to House Small Business

 Related & companion bills 1
  • S 1612 Related bill Employee Stock Ownership Plan Promotion and Improvement Act of 2009
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Republican 1
Hare, Phil
· Jul 1, 2010
 R
Guthrie, Brett
Kentucky · May 12, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5207: Employee Stock Ownership Plan Promotion and Improvement Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-HR-5207/
MLA
"H.R. 5207: Employee Stock Ownership Plan Promotion and Improvement Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-5207/.
Bluebook (legal)
H.R. 5207, 111th Cong. (2026), https://openamerica.io/bill/111-HR-5207/.
Markdown link
[H.R. 5207: Employee Stock Ownership Plan Promotion and Improvement Act of 2010](https://openamerica.io/bill/111-HR-5207/)
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