H.R. 4796 · 108th Congress · 2003–2004
Employee Stock Ownership Plan Promotion and Improvement Act of 2004
H.R. 4796 in the 108th Congress (2003–2004) was introduced on Jul 9, 2004, sponsored by Cass Ballenger with 8 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
- Jul 9, 2004
- Co-sponsors
- 8
- 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
Cass Ballenger (R-NC). Co-sponsors: 8 Republicans.
Where it stands
- IntroducedJul 9, 2004
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Jul 9, 2004)
More bills from Cass Ballenger in the 108th Congress
- H.R. 1465: To designate the facility of the United States Postal Service located at 4832 East Highway 27 in…
- H.R. 1111: Uniformed Services Divorce Equity Act of 2003
- H.R. 1778: Employee Ownership for the Twenty-First Century Act
- H.R. 2516: To amend the Fair Labor Standards Act of 1938 to clarify that Christmas tree farming is…
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, “H.R. 4796 (108th Congress): Employee Stock Ownership Plan Promotion…,” https://www.capitolreceipts.com/bill/108-hr-4796/employee-stock-ownership-plan-promotion-and-improvement-act-of (accessed 2026-10-17).