United States HR 7244: 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.

Status: Introduced in House (as of 2020-06-18)

State: United States · Session: 116 · Bill: HR 7244

Subjects: Business investment and capital, Employee benefits and pensions, Sales and excise taxes, Securities, Social work, volunteer service, charitable organizations, Tax-exempt organizations

Sponsors: Mario Diaz-Balart, Daniel T. Kildee, John H. Rutherford

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