H.R.692 - To amend the Internal Revenue Code of 1986 to exclude from gross income compensation received by employees consisting of qualified distributions of employer stock.

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  • Official: To amend the Internal Revenue Code of 1986 to exclude from gross income compensation received by employees consisting of qualified distributions of employer stock. as introduced.

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Introduced
 
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President
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01/25/09
 
 
 
 
 
 
 

Official Bill Text Comment on about 5 Pages

Official Summary

1/26/2009--Introduced.Amends the Internal Revenue Code to exclude from the gross income of an employee: (1) shares of stock received from an employer in a qualified employee stock distribution not exceeding the lowest number of shares received by any employee in such distribution; (2) any
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Official Summary

1/26/2009--Introduced.Amends the Internal Revenue Code to exclude from the gross income of an employee:
(1) shares of stock received from an employer in a qualified employee stock distribution not exceeding the lowest number of shares received by any employee in such distribution;
(2) any gain on such stock if held by such employee for not less than 10 years, and
(3) in the case of any qualified disposition of stock that meets such holding requirement, any gain on so much stock acquired during the 60-day period beginning on the date of such disposition as does not exceed the fair market value of the stock so disposed..

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Recent Blog Coverage

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02/14/11
H.R.692: Nuclear Family Priority Act - U.S. Congress - OpenCongress

Phil Gingrey introduced HR 692, the Nuclear Family Priority Act. The bill would end Chain Migration by eliminating several of the family preference visa classes that allow adult relatives to receive legal permanent ... -

Source: opencongress.org
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01/04/11
HR Vendor News » EmployeeScreenIQs Legal Webinar to Help Employers ...

Compensation/Incentive Programs (154); Compliance (168); Diversity (103); Employee Benefits (277); General HR (692); HR Consulting (374); HR Technology (633); HRIS and/or ERP Solutions (157); Marketing and Public Relations (157) ...

Source: HR Vendor News
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10/18/10
The One-Stop ESOP Blog: Repurchase Obligation Factors: Assumptions ...

ESOP Reshuffling and ESOP Rebalancing Revisited · Revenue Impact of HR 692 · Importance of Using an ESOP Valuation Specialist t... ► July (9). Bankruptcy Court Reviews Tribune Company Two-Step . ...

Source: The One-Stop ESOP Blog
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