$1.9 trillion relief bill includes $1,400 checks, billions for vaccines, and money to reopen schools. Restaurant, airplane manufacturing, concert venue industries set to benefit most.
The ESOP Association
ESOP Association Resources
Oct. 22
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.