HR 4962
117th Congress
House
Taxation
SHARE Plan Act
Introduced: August 6, 2021
Introduced by:
Larson, John B.
Democratic
· Connecticut
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 6, 2021
Referred to the House Committee on Ways and Means.
Aug 6, 2021
Introduced in House
Plain-English summary
Share Holder Allocation for Rewards to Employees Plan Act or the SHARE Plan Act
This bill requires certain corporations (i.e., publicly traded domestic corporations and domestic corporations with more than 500 employees) to maintain a SHARE plan for their employees as a condition of eligibility for capital gains rates. The bill defines a SHARE plan as a plan requiring such corporations to make periodic distributions of their common stock to participating employees.
The bill excludes from the gross income of employees participating in a SHARE plan, for income tax purposes, SHARE plan stock received by such employees.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1