The ESOP Association

ESOP Association Resources

Dec. 19
1989 - The Deficit Reduction Bill
When early drafts of the 1989 deficit reduction bill included eliminating the deduction of dividends paid on ESOP stock, The ESOP Association successfully fights to preserve the deductibility of dividends.
358
Oct. 22
1986 - The Tax Reform Act of 1986
Building upon the 1984 law, the Tax Reform Act of 1986 strengthens tax incentives for ESOPs. Deductibility of dividends on ESOP stock paid to plan participants AND deductibility of dividends used to pay debt are included in the landmark bill which overhauled the U.S. tax code.
356