MA S1837

Bill

To promote employee ownership

Introduced
03/29/2021

In Committee
04/07/2022

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to promote employee ownership. Revenue.

AI Summary

This bill aims to promote employee ownership by allowing business corporations to deduct from their taxable income the capital gains earned from the sale of their non-publicly traded employer securities to an employee stock ownership plan (ESOP) that owns at least 49% of the company's outstanding securities. The bill specifies that the business corporation must be the sponsor of the ESOP in order to qualify for this tax deduction.

Committee Categories

Budget and Finance

Sponsors (1)

Julian Cyr (D)*,

Last Action

No further action taken (on 01/03/2023)

Official Document

https://malegislature.gov/Bills/192/S1837

(12 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/S1837
Bill	https://malegislature.gov/Bills/192/S1837.pdf

Bill	Bill Name	Last Action	Type
H1930	To promote safe dog ownership	Accompanied a study order, see H4844	Similar To
H2737	Regarding retirement of public authority employee groups	Accompanied a study order, see H4960	Similar To
H2764	Allowing Deina Abdelkader to become a member of the state employee retirement system	Accompanied a study order, see H4960	Similar To
H2959	Relative to the taxation of rolling stock	No further action taken	Similar To
H556	Relative to emergency stock supply of epinephrine in schools	Accompanied H604	Similar To
H604	Relative to emergency stock supply of epinephrine in schools	Accompanied a study order, see H5201	Similar To
H630	Relative to emergency stock epinephrine in schools	Accompanied a study order, see H5143	Similar To
S1023	Ensuring domestic violence victims' protections for all employees in the Commonwealth	Accompanied a study order, see S2665	Similar To
S1068	Relative to the fair treatment of employees	Accompanied a study order, see S2665	Similar To
S1111	Relative to the ownership of pets by convicted animal abusers	Accompanied a new draft, see S2672	Similar To
S1164	Relative to the defense against abusive waivers	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1217	Relative to transparency in employee benefits reporting in private construction	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To

Bill

Bill Name

Last Action

Type

H1930

To promote safe dog ownership

Accompanied a study order, see H4844

Similar To

H2737

Regarding retirement of public authority employee groups

Accompanied a study order, see H4960

Similar To

H2764

Allowing Deina Abdelkader to become a member of the state employee retirement system

Accompanied a study order, see H4960

Similar To

H2959

Relative to the taxation of rolling stock

No further action taken

Similar To

H556

Relative to emergency stock supply of epinephrine in schools

Accompanied H604

Similar To

H604

Relative to emergency stock supply of epinephrine in schools

Accompanied a study order, see H5201

Similar To

H630

Relative to emergency stock epinephrine in schools

Accompanied a study order, see H5143

Similar To

S1023

Ensuring domestic violence victims' protections for all employees in the Commonwealth

Accompanied a study order, see S2665

Similar To

S1068

Relative to the fair treatment of employees

Accompanied a study order, see S2665

Similar To

S1111

Relative to the ownership of pets by convicted animal abusers

Accompanied a new draft, see S2672

Similar To

S1164

Relative to the defense against abusive waivers

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S1217

Relative to transparency in employee benefits reporting in private construction

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

Bill > S1837

MA S1837

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

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