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Senate bill · 119th Congress · Latest step: Introduced

Reduction of Excess Business Holding Accrual Act

S. 1416Introduced Apr 10, 2025Policy area: Taxation

Official title: A bill to amend the Internal Revenue Code of 1986 for purposes of the tax on private foundation excess business holdings to treat as outstanding any employee-owned stock purchased by a business enterprise pursuant to certain employee stock ownership retirement plans.

Sponsor: Sen. Rick Scott R-FL
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Where it went

Latest action: Apr 10, 2025 — Read twice and referred to the Committee on Finance.

Vote results

No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).

Cosponsors

No cosponsors.

More from the sponsor

Other 119th Congress bills sponsored by Sen. Rick Scott.

Related bills

Relationships as recorded by Congress.gov.

Sponsor’s state and district

Florida in Congress

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Data as of Sep 13, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.