Employee Participation Incentive Act of 2005

3.0.0 3653 2023-01-13T04:50:16Z 2023-01-13T04:50:16Z House H HR 2005-09-06 109 hswm00 Ways and Means Committee House Standing Referred to 2005-09-06T18:00:40Z 2005-09-06 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2005-09-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-09-06 Introduced in House IntroReferral 1000 9 Library of Congress A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 N Taxation Commerce Corporation taxes Employee ownership Employee stock options Income tax Labor and Employment Tax credits Tax deductions Tax exclusion Taxation

00 2005-09-06 Introduced in House 2005-09-30T18:45:56Z Employee Participation Incentive Act of 2005 - Amends the Internal Revenue Code to: (1) cap at 30 percent the maximum income tax rate for corporations that have a 20 percent or greater employee ownership rate; (2) exclude from employee gross income up to 20 percent of wages paid in stock; and (3) allow such corporations a tax deduction for certain stock options granted to employees.

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Employee Participation Incentive Act of 2005 Display Title Employee Participation Incentive Act of 2005 Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow a credit against income tax to C corporations which have substantial employee ownership and to encourage stock ownership by employees by excluding from gross income stock paid as compensation for services, and for other purposes. Introduced in House IH Short Titles as Introduced Employee Participation Incentive Act of 2005 Introduced in House 2005-09-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr3653ih/xml/BILLS-109hr3653ih.xml 2005-09-06 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.