HR 786

112th CONGRESS
1st Session

H. R. 786

To amend the Internal Revenue Code of 1986 to exclude from gross income compensation received by employees consisting of qualified distributions of employer stock.

IN THE HOUSE OF REPRESENTATIVES

February 17, 2011

Mr. ROHRABACHER (for himself, Mr. JONES, Mr. MCCOTTER, and Mr. MCKINLEY) introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to exclude from gross income compensation received by employees consisting of qualified distributions of employer stock.

SECTION 1. QUALIFIED STOCK DISTRIBUTIONS TO EMPLOYEES.

`SEC. 83A. QUALIFIED STOCK DISTRIBUTIONS TO EMPLOYEES.

The applicable

`In the case of:

percentage is:

The first through tenth such calendar years

--0 percent

The eleventh such calendar year

--10 percent

The twelfth such calendar year

--20 percent

The thirteenth such calendar year

--30 percent

The fourteenth such calendar year

--40 percent

The fifteenth such calendar year

--50 percent

The sixteenth such calendar year

--60 percent

The seventeenth such calendar year

--70 percent

The eighteenth such calendar year

--80 percent

The nineteenth such calendar year

--90 percent

Any subsequent calendar year

--100 percent.

END