The ESOP Association
ESOP Association Resources
Jun. 06
After a concerted effort, Congress and the Administration are persuaded to improve the 1996 Subchapter S ESOP Law, and beginning in 1998 it becomes allowable for Subchapter S Corporations to sponsor an ESOP. Previously, S-corporations could not sponsor ESOPs because qualified retirement plans could not own stock in the sponsoring company.
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Sep. 13
1981 tax law changes include a special level of new tax deductible contributions of 25 percent of pay, plus interest, for leveraged ESOPs.
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