S 2682 · 101th Congress · Taxation

Defense Industry ESOP Act of 1990

Introduced 1990-05-24· Sponsored by Sen. Coats, Daniel [R-IN]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(1990-05-24)

Plain Language Summary

[AI summary unavailable — showing source text] Defense Industry ESOP Act of 1990 - Amends the Internal Revenue Code to provide for the exclusion of interest on loans used to enable employees to acquire employer securities of certain defense contractors. Provides an extension of time for payment of the tax attributable to the sale of such securities.…

Summarized by Claude AI · Non-partisan · For informational purposes only