Employee Business Ownership and Capital Formation Act

Employee Business Ownership and Capital Formation Act - Amends the Internal Revenue Code to provide a deduction to an employer, as a contribution to a stock bonus or profit-sharing plan, for the amount of any securities distributed to an employee pursuant to an employee business ownership plan. Declares that no income shall result to an employee at the time of distribution of employer securities to him pursuant to such a plan, or at any other time prior to his disposition of a security so distributed.