S. 2298 · 108th Congress · 2003–2004
Employee Stock Ownership Plan Promotion and Improvement Act of 2004
S. 2298 in the 108th Congress (2003–2004) was introduced on Apr 7, 2004, sponsored by John Breaux with 5 co-sponsors.
During the 108th Congress (2003–2004), George W. Bush was president, and Republicans held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Apr 7, 2004
- Co-sponsors
- 5
- Policy area
- Taxation
What it does
Employee Stock Ownership Plan Promotion and Improvement Act of 2004 - Amends the Internal Revenue Code to: (1) treat certain distributions by S corporations to an employee stock ownership plan (ESOP) as deductible dividends; (2) exempt deductions for ESOP dividends from corporate alternative minimum tax adjustments based on adjusted earnings and profits; (3) allow deferral of the recognition of gain for certain sales to ESOP's…
Summary by the nonpartisan Congressional Research Service.
Sponsor
John Breaux (D-LA). Co-sponsors: 3 Democrats, 2 Republicans.
Where it stands
- IntroducedApr 7, 2004
- Passed the Senate—
- Passed the House—
- Sent to the President—
- Became law—
Latest action: Read twice and referred to the Committee on Finance. (Apr 7, 2004)
More bills from John Breaux in the 108th Congress
Other Taxation bills in the 108th Congress
- H.R. 2: Jobs and Growth Tax Relief Reconciliation Act of 2003
- H.R. 1308: Working Families Tax Relief Act of 2004
- H.R. 982: To clarify the tax treatment of bonds and other obligations issued by the Government of American…
- H.R. 4520: American Jobs Creation Act of 2004
- S. 150: Internet Tax Nondiscrimination Act
- H.R. 5365: To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the…
- H.R. 5394: To amend the Internal Revenue Code of 1986 to modify the taxation of arrow components.
- S. 2: Jobs and Growth Tax Act of 2003
- H.R. 7: Charitable Giving Act of 2003
- H.R. 8: Death Tax Repeal Permanency Act of 2003
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “S. 2298 (108th Congress): Employee Stock Ownership Plan Promotion…,” https://www.capitolreceipts.com/bill/108-s-2298/employee-stock-ownership-plan-promotion-and-improvement-act-of (accessed 2026-10-17).