2025-2026 Regular SessionUS Congress Legislature

SB1416

Legislative Summary

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.

Bill History

4/10/2025
Read twice and referred to the Committee on Finance.
Senate

Status Information

Current Status
Introduced(4/10/2025)
Chamber
Senate
Committee
Finance(Senate)

Sponsors

Republican: 1

Primary Sponsor

Rick Scott
Rick Scott
Republican