legislation: 100-hr-5170
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
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| 100-hr-5170 | 100 | hr | 5170 | A bill to amend the Internal Revenue Code of 1986 to treat the exclusion for certain loans to acquire employer securities as a tax preference for purposes of the minimum tax, and for other purposes. | Taxation | 1988-08-04 | 1988-08-04 | Referred to House Committee on Ways and Means. | House | Rep. Stark, Fortney Pete [D-CA-9] | CA | D | S000810 | 0 | Amends the Internal Revenue Code to treat as a tax preference for minimum tax purposes any exempt-interest dividend on a loan to a corporation or employee stock ownership plan (ESOP) that is used to acquire employer securities. Requires any pension plan with respect to which there are substantial ESOP holdings in the employer (at least 35 percent of the employer's stock is held by one or more ESOPs) to provide for a passthrough of voting rights to plan participants and beneficiaries. | 2024-02-07T16:32:33Z |