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Reduction of Excess Business Holding Accrual Act
5/8/2025, 6:56 PM
Summary of Bill S 1416
The "Reduction of Excess Business Holding Accrual Act" was introduced in the 119th Congress on April 10, 2025. The bill, designated as S.1416, aims to address excess business holding accrual issues. Specific provisions and directives outlined in the bill are not provided in the context object. To access the detailed content of the bill, including its purpose and key provisions, the official PDF version can be accessed at https://www.congress.gov/119/bills/s1416/BILLS-119s1416is.pdf.
Read the Full Bill
Current Status of Bill S 1416
Bill S 1416 is currently in the status of Bill Introduced since April 10, 2025. Bill S 1416 was introduced during Congress 119 and was introduced to the Senate on April 10, 2025. Bill S 1416's most recent activity was Read twice and referred to the Committee on Finance. as of April 10, 2025
Bipartisan Support of Bill S 1416
Total Number of Sponsors
3Democrat Sponsors
0Republican Sponsors
3Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1416
Primary Policy Focus
Alternate Title(s) of Bill S 1416
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.
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.
Comments
Sponsors and Cosponsors of S 1416
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