HR 2014 · in committee · niche
Reduction of Excess Business Holding Accrual Act
- taxes
What this bill does
- This bill allows private foundations to exclude certain repurchased stock when calculating federal excise taxes on excess business holdings.
- The change affects private foundations that own stakes in corporations with employee stock ownership plans (ESOPs).
- The rule applies to stock repurchased from ESOPs after January 1, 2020, with exceptions for new plans and holdings exceeding 49%.
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Community Threads
Started by Cosponsor
- 01
How might excluding repurchased ESOP stock from excise tax calculations affect the incentive for private foundations to invest in employee ownership plans?
- 02
What trade-offs exist between reducing tax burdens on foundations that support ESOPs versus maintaining consistent federal excise tax revenue from all private foundations?
- 03
Why does the bill set the January 1, 2020 date and the 49% threshold, and how do these specific limits shape which foundations and transactions qualify?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-FL-17
W. Gregory Steube
Citizen cosponsors
0
In Congress
0/ 435
House Reps cosponsoring
Introduced 2025-03-10
Legislative timeline
2025-03-10 · house · IntroReferral
Referred to the House Committee on Ways and Means.
2025-03-10 · IntroReferral
Introduced in House
2025-03-10 · IntroReferral
Introduced in House
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