H.R.3653 - Employee Participation Incentive Act of 2005

To amend the Internal Revenue Code of 1986 to allow a credit against income tax to C corporations which have substantial employee ownership and to encourage stock ownership by employees by excluding from gross income stock paid as compensation for services, and for other purposes. view all titles (2)

All Bill Titles

  • Short: Employee Participation Incentive Act of 2005 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to allow a credit against income tax to C corporations which have substantial employee ownership and to encourage stock ownership by employees by excluding from gross income stock paid as compensation for services, and for other purposes. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
09/06/05
 
 
 
 
 
 
 

Official Summary

Employee Participation Incentive Act of 2005 - Amends the Internal Revenue Code to: (1) cap at 30 percent the maximum income tax rate for corporations that have a 20 percent or greater employee ownership rate; (2) exclude from employee gross income up to 20 percent of wages paid in stock; a

Official Summary

Employee Participation Incentive Act of 2005 - Amends the Internal Revenue Code to:
(1) cap at 30 percent the maximum income tax rate for corporations that have a 20 percent or greater employee ownership rate;
(2) exclude from employee gross income up to 20 percent of wages paid in stock; and
(3) allow such corporations a tax deduction for certain stock options granted to employees.

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