HR. 2014In Committee
Reduction of Excess Business Holding Accrual Act
Changes how certain ESOP repurchased stock is counted under private foundation excess business holdings excise tax rules, with exceptions and limits for grandfathered holdings
Plain-English overview
What this bill does
Changes how certain ESOP repurchased stock is counted under private foundation excess business holdings excise tax rules, with exceptions and limits for grandfathered holdings
Key points
- Modify ESOP stock tax treatment
- Limit grandfathered foundation holdings
Current status
Where it stands
Status
In Committee
Latest action
2025-03-10 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedTaxation