Reduction of Excess Business Holding Accrual Act

Hozzl · 2025-05-08T18:56:47Z

Explore the details of Senate Bill 1416 Reduction of Excess Business Holding Accrual Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

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.

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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

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Policy Area and Potential Impact of Bill S 1416

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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.