A bill to amend the Internal Revenue Code of 1986 to make permanent certain provisions relating to certain employee stock ownership plans.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to repeal the termination date of and make permanent: (1) the exemption for early withdrawals from employee stock option plans from the ten percent additional income tax; (2) the exemption from the ten percent excise tax on excess assets recovered by a sponsor of a terminated defined benefit plan, if excess assets are transferred to an employee stock option plan; and (3) the exclusion of 50 percent of the proceeds from the sale of certain stock to an employee stock option plan for estate tax purposes.…