Share Holder Allocation for Rewards to Employees Plan Act or the SHARE Plan Act

This bill requires certain corporations (i.e., publicly traded domestic corporations and domestic corporations with more than 500 employees) to maintain a SHARE plan for their employees as a condition of eligibility for capital gains rates. The bill defines a SHARE plan as a plan requiring such corporations to make periodic distributions of their common stock to participating employees.

The bill excludes from the gross income of employees participating in a SHARE plan, for income tax purposes, SHARE plan stock received by such employees.