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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (1)

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

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

Actions Overview (1)

Date Actions Overview
02/17/2011Introduced in House

All Actions (2)

Date All Actions
02/17/2011Referred to the House Committee on Ways and Means.
Action By: House of Representatives
02/17/2011Introduced in House
Action By: House of Representatives

Cosponsors (3)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Jones, Walter B., Jr. [R-NC-3]* 02/17/2011
Rep. McCotter, Thaddeus G. [R-MI-11]* 02/17/2011
Rep. McKinley, David B. [R-WV-1]* 02/17/2011

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Ways and Means02/17/2011 Referred to

No related bill information was received for H.R.786.

Subjects (6)

Latest Summary (1)

There is one summary for H.R.786. View summaries

Shown Here:
Introduced in House (02/17/2011)

Amends the Internal Revenue Code to exclude from the gross income of an employee: (1) shares of employer securities received in a qualified employee stock distribution as compensation for services that do not exceed the lowest number of employer securities received by any employee in such distribution; (2) any gain on such securities if held by an employee for not less than 10 years; and (3) in the case of any qualified disposition of an employer security that meets such 10-year 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 employer security so disposed.

Allows employers a tax deduction for the fair market value of securities transferred in a stock distribution. Requires an employee to recapture in gross income the amount of employer securities excluded from gross income if such securities are disposed of within five years after receipt.