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Senate Passes Retirement Reform As Part of Tax Bill
National Center for Employee Ownership [NCEO] 
May 23, 2001 The Senate-passed tax cut legislation incorporates a revised version of the Comprehensive Retirement Income Security Act (S. 742) as part of its income tax reduction legislation. On the ESOP front, the bill would make it much more difficult for sham S corporation ESOP transactions to occur. Other features include changes to defined contribution plans that affect 401(k) plans as well as ESOPs (and ESOP-401(k) combinations). This NCEO update also has news on stock options-related issues. MORE >> |
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