To amend the Internal Revenue Code of 1986 to provide a reduced rate of tax for corporations that maintain a plan for distributing equity to employees, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to provide a reduced rate of tax for corporations that maintain a plan for distributing equity to employees, and for other purposes., changes federal law or congressional policy affecting workers, employers, and labor regulators. The main policy domain is Labor, Finance, Civil Rights.
Who Benefits and How
workers, employers, and labor regulators may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, workers, employers, and labor regulators may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HFFBCA63E20F440338689FD41FF1DEBD9: 1. Short title This Act may be cited as the Share Holder Allocation for Rewards to Employees Plan Act or as the SHARE Plan Act.
- Section HFD04091D38E043D0BEBC4F1D3105A398: 2. Reduced rate of tax for corporations that maintain a plan for distributing equity to employees Part II of subchapter A of chapter 1 of the Internal Revenue...
- Section HDE8C8024AEDA40AF91127B1D14E284B4: 12. Reduced rate of tax for corporations maintaining SHARE plans In the case of any corporation which is a SHARE corporation for any taxable year, the rate of...
- Section H78485E268C8F4857B1A484BBC406946D: 3. Distributions of stock issued under SHARE plans excluded from gross income Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is...
- Section H0D4FBB7C90D94CE5843B93C7D11A1F6B: 139J. SHARE plan distributions Gross income shall not include any SHARE plan stock received by an employee under a SHARE plan. For purposes of this section—...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to provide a reduced rate of tax for corporations that maintain a plan for distributing equity to employees, and for other purposes., changes federal law or congressional policy affecting workers, employers, and labor regulators.
Key Policy Areas
Labor, Finance, Civil Rights
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to provide a reduced rate of tax for corporations that maintain a plan for distributing equity to employees, and for other purposes., changes federal law or congressional policy affecting workers, employers, and labor regulators.
Policy Domains
Whole bill
Identified Gains
- workers, employers, and labor regulators
Identified Costs
- federal implementing agencies
- workers, employers, and labor regulators
Sponsors
Legislative Progress
IntroducedMr. Suozzi (for himself, Mr. Kelly of Pennsylvania, Mr. Thompson …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology