To amend the Internal Revenue Code of 1986 to provide that the stock of certain corporations is eligible for capital gains rates only if such corporation maintains a plan for distributing equity to employees, and for other purposes.
Share Holder Allocation for Rewards to Employees Plan Act or the SHARE Plan Act
This bill requires certain corporations (i.e., publicly traded domestic corporations and domestic corporations with more than 500 employees) to maintain a SHARE plan for their employees as a condition of eligibility for capital gains rates. The bill defines a SHARE plan as a plan requiring such corporations to make periodic distributions of their common stock to participating employees.
The bill excludes from the gross income of employees participating in a SHARE plan, for income tax purposes, SHARE plan stock received by such employees.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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