3.0.0 3803 2023-01-11T13:21:24Z 2023-01-11T13:21:24Z Senate S S 2010-09-20 111 ssfi00 Finance Committee Senate Standing Referred to 2010-09-20T19:52:35Z S Corporation ESOP Promotion and Expansion Act of 2009 111 3586 HR 2009-11-16 Referred to the Subcommittee on Health, Employment, Labor, and Pensions. Related bill CRS 2010-09-20 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2010-09-20 Introduced in Senate IntroReferral 10000 9 Library of Congress R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS Y L000035 Sen. Lincoln, Blanche L. [D-AR] BLANCHE LINCOLN D AR LAMBERT 2010-09-20 True Taxation Capital gains tax Corporate finance and management Department of the Treasury 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 2010-09-20 Introduced in Senate 2010-10-27T20:20:16Z S Corporation ESOP Promotion and Expansion Act of 2010 - 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; and (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.

Directs the Secretary of the Treasury 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 2010 Display Title S Corporation ESOP Promotion and Expansion Act of 2010 Official Title as Introduced A bill 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 Senate IS Short Titles as Introduced S Corporation ESOP Promotion and Expansion Act of 2010 Introduced in Senate 2010-09-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s3803is/xml/BILLS-111s3803is.xml 2010-09-20 Read twice and referred to the Committee on Finance. 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.