SB1416Introduced in the Senate
Reduction of Excess Business Holding Accrual Act
Introduced by Rick Scott, District FL
What does this bill do?
Plain-English breakdown
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Official description
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.
Where it stands
Read twice and referred to the Committee on Finance.
April 10, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
Bill history
Read twice and referred to the Committee on Finance.
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