A bill to encourage employee participation in Employee Stock Ownership Plans by providing tax deductions to ESOP companies equal to the amount of certain cash dividends they pay on stock held in their ESOPs.
Employee Stock Ownership Improvement Act of 1984 - Amends the Internal Revenue Code to allow an income tax deduction to a business with an employee stock ownership plan for dividends paid to participants of such plan or to the plan itself under certain circumstances.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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