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S. 2461IntroducedSenate · nowHousePresidentLawIn committee
Sec. 3 · S. 2461

Full deferral of tax for certain sales of employer stock to employee stock ownership plan sponsored by S corporation

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(a) Acceleration of deferral Section 114(c) of the SECURE 2.0 Act of 2022 is amended by striking December 31, 2027 and inserting the date of the enactment of the Promotion and Expansion of Private Employee Ownership Act of 2025. (b) Repeal of limitation (1) In general Section 1042 of the Internal Revenue Code of 1986, as amended by section 114 of the SECURE 2.0 Act of 2022, is amended by striking subsection (h). (2) Effective date The amendment made by paragraph (1) shall apply to sales after the date of the enactment of this Act.

Sec. 3: Full deferral of tax for certain sales of employer stock to employee stock ownership plan sponsored by S corporation · Public Law Tracker