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

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Plain-English summary Congressional Research Service

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 August 6, 2021

Referred to the House Committee on Ways and Means.

Bill text 1 version