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.
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This bill amends the Internal Revenue Code to exclude certain purchases of employee-owned stock from being considered as outstanding voting stock for the purpose of the tax on excess business holdings of a private foundation in a business enterprise. The bill applies to any voting stock that is: (1) not readily tradable on an established securities market; (2) purchased by the business enterprise on or after January 1, 2005, from a stock bonus or profit sharing plan in which employees of the business enterprise participate, in connection with a distribution from the plan; and (3) held by the business enterprise as treasury stock, cancelled, or retired.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (1)
2019 · third_quarter · Taxation/Internal Revenue Code
Energy tax issues. Tax issues related to U.S. sugar. Proposals related to IRC section 4943, excess business holdings excise tax. H.R.2293, 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 (115th Congress). H.R. 3877, Bipartisan Budget Act.
Client expense: Not reported · Firm income: $10,000
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
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Sources: Congress.gov
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2019 · second_quarter · Taxation/Internal Revenue Code
Energy tax issues. Tax issues related to U.S. sugar. Proposals related to IRC section 4943, excess business holdings excise tax. H.R.2293, 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 (115th Congress).
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES
2019 · first_quarter · Taxation/Internal Revenue Code
Energy tax issues. Tax issues related to U.S. sugar. Proposals related to IRC section 4943, excess business holdings excise tax. H.R.2293, 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 (115th Congress).
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES
2018 · fourth_quarter · Taxation/Internal Revenue Code
Energy tax issues. Tax issues related to U.S. Sugar. Proposals related to IRC section 4943, excess business holdings excise tax. H.R.2293, 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. H.R. 88, Retirement, Savings and Other Tax Relief Act.
Client expense: Not reported · Firm income: $30,000
Government targets: SENATE
2018 · third_quarter · Taxation/Internal Revenue Code
Energy tax issues. Tax issues related to U.S. Sugar. Proposals related to IRC section 4943, excess business holdings excise tax. H.R.2293, 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.
Client expense: Not reported · Firm income: $50,000
2018 · second_quarter · Taxation/Internal Revenue Code
Energy tax issues. Tax issues related to U.S. Sugar. Proposals related to IRC section 4943, excess business holdings excise tax. H.R.2293, 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.
Client expense: Not reported · Firm income: $50,000
2018 · first_quarter · Taxation/Internal Revenue Code
Energy tax issues. Tax issues related to U.S. Sugar. Proposals related to IRC section 4943, excess business holdings excise tax. H.R.2293, 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.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES
2017 · fourth_quarter · Taxation/Internal Revenue Code
Energy tax issues. Tax issues related to U.S. Sugar. Proposals related to IRC section 4943, excess business holdings excise tax. H.R.2293, 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. H.R. 1, the Tax Cuts and Jobs Act.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · third_quarter · Taxation/Internal Revenue Code
Energy tax issues. Tax issues related to U.S. Sugar. Proposals related to IRC section 4943, excess business holdings excise tax. H.R.2293, 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.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
| Republican |
| FL |
| Daniel Webster | Republican | FL |
| Darren Soto | Democratic | FL |
| Debbie Wasserman Schultz | Democratic | FL |
| Dennis A. Ross | Republican | FL |
| Fred Upton | Republican | MI |
| Frederica S. Wilson | Democratic | FL |
| John H. Rutherford | Republican | FL |
| Matt Gaetz | Republican | FL |
| Pete Sessions | Republican | TX |
| Sander M. Levin | Democratic | MI |
| Stephanie N. Murphy | Democratic | FL |
| Thomas J. Rooney | Republican | FL |
| Tom Reed | Republican | NY |