247

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Amendment Number
247
Purpose
To amend the Internal Revenue Code of 1954 by eliminating the voting rights pass through requirement for closely held corporations participating in Employee Stock Ownership Plans (ESOPs)
Congress
97
Type
SUAMDT
Latest Action Date
Jul 20, 1981
Latest Action Text
Amendment agreed to in Senate by Yea-Nay Vote. 94-3. Record Vote No: 205.
Proposed Date
Jul 20, 1981
Submitted Date
Jul 20, 1981
Chamber
Senate
Update Date
Aug 14, 2021
Amendment 247 — Informed