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HR 8606 116th Congress House Taxation Business records Employee benefits and pensions Income tax deferral Interest, dividends, interest rates Sales and excise taxes Securities

To defer the tax of certain sales of employer stock and reduce certain retirement-related excise taxes, and for other purposes.

Introduced: October 16, 2020 See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 16, 2020
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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.
Oct 16, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

This bill extends to all domestic corporations (including S corporations) the deferral of tax on certain sales of employer stock to employee stock ownership plans (ESOPs) and reduces certain retirement-related excise taxes.

Specifically, the bill reduces excise tax rates of certain excess accumulations in tax-exempt retirement plans and on failures to take required minimum distributions from such plans. It also allows employers who establish a tax-exempt 403(b) pension plan to participate in a multiple employer plan.

The bill extends the tax credit for small employer pension plan startup costs to employers that join an existing plan.

What's happening now October 16, 2020

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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.

 Related & companion bills 1
  • HR 8696 Related bill Securing a Strong Retirement Act of 2020
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Republican 2
R
Kelly, Mike
Pennsylvania · Oct 16, 2020
 R
Smith, Jason
Missouri · Oct 16, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8606: To defer the tax of certain sales of employer stock and reduce certain retirement-related excise taxes, and for other purposes.. 116th Congress. Open America. https://openamerica.io/bill/116-HR-8606/
MLA
"H.R. 8606: To defer the tax of certain sales of employer stock and reduce certain retirement-related excise taxes, and for other purposes.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-8606/.
Bluebook (legal)
H.R. 8606, 116th Cong. (2026), https://openamerica.io/bill/116-HR-8606/.
Markdown link
[H.R. 8606: To defer the tax of certain sales of employer stock and reduce certain retirement-related excise taxes, and for other purposes.](https://openamerica.io/bill/116-HR-8606/)
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