Recently the Main Street Employee Ownership Act (S. 2786) was passed in the Senate. Introduced by Senator Gillibrand and 6 additional co-sponsors, this bill is the culmination of many months of hard work by ASBC staff, members, and allies. It provides funding and technical assistance to help companies transition to being worker-owned. A companion bill introduced… Continue reading Worker Ownership Bill Passes the Senate
Category: News
How May the New Tax Act Affect Your ESOP
The Tax Cuts and Jobs Act of 2018 (the “Act”) was signed into law by President Trump on December 22, 2017. It is heralded as making the most significant changes in corporate taxation in the US in more than 30 years. The Act makes changes to C corporations, S corporations and other pass-through entities. Some… Continue reading How May the New Tax Act Affect Your ESOP