White House Budget and ESOPs

According to the February 15 release of the NCEO Employee Ownership Update, the Obama administration’s revenue proposals make a specific reference to ESOPs. Loren Rodgers, Executive Director of NCEO, reports that the administration proposes clarifying the tax implications for the transfer of qualified replacement property to a spouse in connection with an ESOP transaction.

To read the full press release, please visit the The NCEO’s website.