Bill Information for s1416-119

Long Title

A bill to amend the Internal Revenue Code of 1986 for purposes of the tax on private foundation excess business holdings to treat as outstanding any employee-owned stock purchased by a business enterprise pursuant to certain employee stock ownership retirement plans.

Short Title

Reduction of Excess Business Holding Accrual Act

Vote Information

Status: REFERRED as of 2025-04-10 00:00:00.

Sponsor: This bill was sponsored by Rick Scott (R-FL).

Party line votes are determined based on this being a R-sponsored piece of legislation. See here for information on how party line votes are determined.

Vote count: There were 0 roll call votes on this bill in total.