Legislation

Authorizing the creation of employee ownership trusts; providing for the exclusive purpose of an employee ownership trust; requiring the trustee of an employee ownership trust to carry out the express terms and purposes of the trust; providing, under specified circumstances, for the distribution of the principal or income of an employee ownership trust; authorizing specified tax benefits, procurement preferences, loan guarantees, and promotion activities to encourage the creation of employee ownership arrangements; etc.

Committees

Original:: Rules and Executive Nominations

Details

Bill File Type: Regular

Effective Date(s): July 1, 2017

History

Legislation History
Chamber House Calendar Date 3/02/2017 Legislative Date 3/02/2017 Action First Reading House Rules and Executive Nominations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Employee Ownership Trusts Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	3/02/2017	3/02/2017	First Reading House Rules and Executive Nominations
			Text - First - Employee Ownership Trusts

File Code

Subjects

Statutes