S. 1416 Introduced Taxation

Reduction of Excess Business Holding Accrual Act

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.

  1. Introduced
  2. Committee
  3. Passed Senate
  4. Passed House
  5. To President
  6. Became law
Sponsor Sen. Scott, Rick [R-FL] Introduced April 10, 2025 Cosponsors 0 Latest action April 10, 2025

Summary

The Congressional Research Service has not published a summary of this bill yet.

Congress.gov

Actions

  1. Apr 10, 2025 Read twice and referred to the Committee on Finance.
  2. Apr 10, 2025 Introduced in Senate

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