Promotion and Expansion of Private Employee Ownership Act of 2021
Official title: A bill to amend the Internal Revenue Code of 1986 and the Small Business Act to expand the availability of employee stock ownership plans in S corporations, and for other purposes.
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Read twice and referred to the Committee on Finance.
Promotion and Expansion of Private Employee Ownership Act of 2021
This bill expands tax incentives and federal assistance for employee stock ownership plans (ESOPs) that are sponsored by S corporations.
The bill extends to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an ESOP.
The Department of the Treasury must establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations.
The bill defines an ESOP business concern and allows such a concern to continue to qualify as a small business for the purposes of programs under the Small Business Act. An ESOP business concern is a business concern that was a small business concern eligible for a loan, preference, or other program under the Small Business Act before more than 49% of the business concern was acquired by an ESOP.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 1300: Promotion and Expansion of Private Employee Ownership Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-1300/
"S. 1300: Promotion and Expansion of Private Employee Ownership Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1300/.
S. 1300, 117th Cong. (2026), https://openamerica.io/bill/117-S-1300/.
[S. 1300: Promotion and Expansion of Private Employee Ownership Act of 2021](https://openamerica.io/bill/117-S-1300/)