HR 2014
Reduction of Excess Business Holding Accrual Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 13, 2026, 4:11 PM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Reduction of Excess Business Holding Accrual Act, changes how the IRS calculates the tax on private foundations’ investments in corporations. Specifically, it aims to clarify the treatment of stock repurchased by a corporation from an employee stock ownership plan (ESOP). The bill proposes to treat certain repurchased stock as ‘outstanding’ voting stock for tax purposes, but with exceptions to prevent over-taxation of foundations, particularly those established before 1969. This change is intended to simplify the tax rules for foundations holding stock acquired through ESOPs.
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