3.0.0 3586 2023-01-11T13:18:04Z 2023-01-11T13:18:04Z House H HR 2009-09-16 111 hsed00 Education and the Workforce Committee House Standing hsed02 Health, Employment, Labor, and Pensions Subcommittee Referred to 2009-11-16T21:21:20Z Referred to 2009-09-16T14:00:47Z hswm00 Ways and Means Committee House Standing Referred to 2009-09-16T14:00:46Z S Corporation ESOP Promotion and Expansion Act of 2010 111 3803 S 2010-09-20 Read twice and referred to the Committee on Finance. Related bill CRS 2009-11-16 hsed02 Health, Employment, Labor, and Pensions Subcommittee 1 House committee actions Referred to the Subcommittee on Health, Employment, Labor, and Pensions. Committee 2009-09-16 Referred to House Education and Labor IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2009-09-16 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. IntroReferral H11100-A 9 Library of Congress 2009-09-16 Referred to House Ways and Means IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-09-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-09-16 Introduced in House IntroReferral 1000 9 Library of Congress K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 N B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2009-09-16 True P000594 Rep. Paulsen, Erik [R-MN-3] Erik Paulsen R MN 3 2009-09-22 False W000799 Rep. Walz, Timothy J. [D-MN-1] Timothy Walz D MN J. 1 2009-10-01 False O000006 Rep. Oberstar, James L. [D-MN-8] JAMES OBERSTAR D MN L. 8 2009-10-14 False D000609 Rep. Driehaus, Steve [D-OH-1] Steve Driehaus D OH 1 2009-10-20 False T000459 Rep. Terry, Lee [R-NE-2] LEE TERRY R NE 2 2009-10-20 False P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2009-10-28 False F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2009-12-09 False P000096 Rep. Pascrell, Bill, Jr. [D-NJ-8] WILLIAM PASCRELL D NJ J. 8 2009-12-09 False P000595 Rep. Peters, Gary C. [D-MI-9] Gary Peters D MI 9 2009-12-10 False G000289 Rep. Goodlatte, Bob [R-VA-6] ROBERT GOODLATTE R VA W. 6 2009-12-16 False T000462 Rep. Tiberi, Patrick J. [R-OH-12] PATRICK TIBERI R OH J. 12 2010-02-25 False S001164 Rep. Schmidt, Jean [R-OH-2] Jean Schmidt R OH 2 2010-03-02 False P000258 Rep. Peterson, Collin C. [D-MN-7] COLLIN PETERSON D MN C. 7 2010-04-20 False W000793 Rep. Wu, David [D-OR-1] DAVID WU D OR 1 2010-06-23 False D000210 Rep. Delahunt, Bill [D-MA-10] Bill Delahunt D MA 10 2010-06-24 False C001069 Rep. Courtney, Joe [D-CT-2] Joe Courtney D CT 2 2010-06-24 False G000558 Rep. Guthrie, Brett [R-KY-2] Brett Guthrie R KY 2 2010-06-30 False P000585 Rep. Platts, Todd Russell [R-PA-19] TODD PLATTS R PA RUSSELL 19 2010-07-01 False R000578 Rep. Reichert, David G. [R-WA-8] David Reichert R WA G. 8 2010-07-20 False K000365 Rep. Kagen, Steve [D-WI-8] Steve Kagen D WI 8 2010-07-20 False R000580 Rep. Roskam, Peter J. [R-IL-6] Peter Roskam R IL J. 6 2010-07-30 False S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2010-09-22 False G000410 Rep. Green, Gene [D-TX-29] GENE GREEN D TX 29 2010-09-22 False C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2010-09-22 False D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2010-09-22 False G000544 Rep. Gonzalez, Charles A. [D-TX-20] CHARLES GONZALEZ D TX A. 20 2010-09-23 False G000546 Rep. Graves, Sam [R-MO-6] SAM GRAVES R MO 6 2010-09-23 False B000652 Rep. Boswell, Leonard L. [D-IA-3] LEONARD BOSWELL D IA L. 3 2010-09-28 False A000358 Rep. Akin, W. Todd [R-MO-2] W. AKIN R MO TODD 2 2010-09-28 False S001162 Rep. Schwartz, Allyson Y. [D-PA-13] Allyson Schwartz D PA Y. 13 2010-09-29 False M000934 Rep. Moran, Jerry [R-KS-1] Jerry Moran R KS 1 2010-09-29 False M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2010-12-21 False Taxation Capital gains tax Corporate finance and management Department of Labor Employee benefits and pensions Executive agency funding and structure Income tax deductions Interest, dividends, interest rates Securities Small business Transfer and inheritance taxes Taxation 00 2009-09-16 Introduced in House 2009-10-24T14:00:48Z S Corporation ESOP Promotion and Expansion Act of 2009 - Amends the Internal Revenue Code to: (1) extend to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an S corporation-sponsored employer stock ownership plan (ESOP); (2) allow a tax deduction for interest incurred on loans to S corporation-sponsored ESOPs for the purchase of employer securities; (3) transfer liability for payment of estate tax on transfers of employer securities to an S corporation-sponsored ESOP from the estate executor to the ESOP; and (4) allow an estate tax deduction for 50% of the proceeds from the sale of employer securities to an S corporation-sponsored ESOP.

Directs the Secretary of Labor to establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations.

]]> S Corporation ESOP Promotion and Expansion Act of 2009 Display Title S Corporation ESOP Promotion and Expansion Act of 2009 Official Title as Introduced To amend the Internal Revenue Code of 1986 to expand the availability of employee stock ownership plans in S corporations, and for other purposes. Introduced in House IH Short Titles as Introduced S Corporation ESOP Promotion and Expansion Act of 2009 Introduced in House 2009-09-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3586ih/xml/BILLS-111hr3586ih.xml 2009-11-16 Referred to the Subcommittee on Health, Employment, Labor, and Pensions. 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.