Bill Type
Congress Name
Long Title
AN ACT PROVIDING TAX INCENTIVES TO PRIVATE AND GOVERNMENT-OWNE D AND -CONTROLLED CORPORATIONS FOR THE PROMOTION OF EMPLOYEES STOCK OWNERSHIP PLAN
Date filed
August 3, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB01643 | |
| FULL TITLE : AN ACT PROVIDING TAX INCENTIVES TO PRIVATE AND GOVERNMENT-OWNE D AND -CONTROLLED CORPORATIONS FOR THE PROMOTION OF EMPLOYEES STOCK OWNERSHIP PLAN | |
| ABSTRACT : "Employee Stock Ownership Plan Act (ESOP) of 1998". Allows employees to SHARE in OWNING capital-produci ng assets and participate in corporate decision-making processes. ESOP is a defined CONTRIBUTION PLAN or a stock bonus plan for the employees. | |
| PRINCIPAL AUTHOR/S : BELMONTE, FELICIANO JR. | |
| DATE FILED : 1998-08-03 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. | 2. |
| 3. | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 1998-08-06 |
Abstract
"Employee Stock Ownership Plan Act (ESOP) of 1998". Allows employees to SHARE in OWNING capital-produci ng assets and participate in corporate decision-making processes. ESOP is a defined CONTRIBUTION PLAN or a stock bonus plan for the employees.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.