SHARE Plan Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4739 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4739 To amend the Internal Revenue Code of 1986 to provide a reduced rate of tax for corporations that maintain a plan for distributing equity to employees, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 23, 2025 Mr. Suozzi (for himself, Mr. Kelly of Pennsylvania, Mr. Thompson of California, Mr. Fitzpatrick, Mr. Larson of Connecticut, Ms. Malliotakis, Mr. Panetta, Ms. Tenney, Ms. Sewell, Mr. Smucker, and Mr. Horsford) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide a reduced rate of tax for corporations that maintain a plan for distributing equity to employees, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Share Holder Allocation for Rewards to Employees Plan Act'' or as the ``SHARE Plan Act''. SEC. 2. REDUCED RATE OF TAX FOR CORPORATIONS THAT MAINTAIN A PLAN FOR DISTRIBUTING EQUITY TO EMPLOYEES. (a) In General.--Part II of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by redesignating section 12 as section 13 and by inserting after section 11 the following new new section: ``SEC. 12. REDUCED RATE OF TAX FOR CORPORATIONS MAINTAINING SHARE PLANS. ``(a) In General.--In the case of any corporation which is a SHARE corporation for any taxable year, the rate of tax under section 11(b) shall be 3 percentage points less than the rate of tax otherwise in effect under such section. The preceding sentence shall not apply to any SHARE corporation for any taxable year, if the application of such senten