A bill to amend the Internal Revenue Code of 1986 to make permanent certain provisions relating to certain employee stock ownership plans.

Amends the Internal Revenue Code to repeal the termination date of and make permanent: (1) the exemption for early withdrawals from employee stock option plans from the ten percent additional income tax; (2) the exemption from the ten percent excise tax on excess assets recovered by a sponsor of a terminated defined benefit plan, if excess assets are transferred to an employee stock option plan; and (3) the exclusion of 50 percent of the proceeds from the sale of certain stock to an employee stock option plan for estate tax purposes.