119th Congress · introduced in the House · Mar 10, 2025
Reduction of Excess Business Holding Accrual Act
Official title from Congress.gov
Latest action (Mar 10, 2025): Referred to the House Committee on Ways and Means.
View on Congress.govPolicy area: Taxation
Congressional Research Service summary, version: Introduced in House (Mar 10, 2025)
Reduction of Excess Business Holding Accrual Act
This bill treats certain stock repurchased by a corporation from an employee stock ownership plan (ESOP) as outstanding voting stock for purposes of the federal excise tax imposed on a private foundation’s excess business holdings. Thus, a private foundation may exclude such stock in calculating present holdings in a corporation and liability for the excise tax. (Exceptions apply.)
As background, a federal excise tax is imposed on a private foundation that owns more than 20% of the voting stock in a corporation, reduced by the percentage of voting stock held by all disqualified persons (excess business holdings). However, a private foundation with excess business holdings on May 26, 1969 (grandfathered private foundation) may own a greater percentage of voting stock in certain circumstances.
Under the bill, stock is treated as outstanding voting stock if such stock is
• not readily tradable on an established securities market;
• repurchased from an ESOP on or after January 1, 2020; and
• held by the corporation as treasury stock, cancelled, or retired.
However, such stock is not treated as outstanding voting stock if it is repurchased within the first 10 years of establishing the ESOP or, as a result of the repurchase, the permitted holdings of the private foundation would exceed 49% of the voting stock in the corporation.
Finally, under the bill, such stock does not reduce the percentage of voting stock a grandfathered private foundation may own.
Show less of the summaryNo cosponsors.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Actions from Congress.gov, newest first.
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 24, 2026.
7 citations.
U.S. SUGAR CORPORATION · lobbying firm or registrant: CROSSROADS STRATEGIES, LLC
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Taxation/Internal Revenue Code
$80,000
Paid to lobbying firm
Legislative issues related to tax reform; Issues regarding foundation excess business; H.R.2014, Reduction of Excess Business Holding Accrual Act.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
U.S. SUGAR CORPORATION · lobbying firm or registrant: CROSSROADS STRATEGIES, LLC
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Taxation/Internal Revenue Code
$80,000
Paid to lobbying firm
Legislative issues related to tax reform; Issues regarding foundation excess business; H.R.2014, Reduction of Excess Business Holding Accrual Act.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
U.S. SUGAR CORPORATION · lobbying firm or registrant: CROSSROADS STRATEGIES, LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Taxation/Internal Revenue Code
$80,000
Paid to lobbying firm
Legislative issues related to tax reform; Issues regarding foundation excess business; H.R.2014, Reduction of Excess Business Holding Accrual Act.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
U.S. SUGAR CORPORATION · lobbying firm or registrant: CROSSROADS STRATEGIES, LLC
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 19, 2026 · issue area: Taxation/Internal Revenue Code
$80,000
Paid to lobbying firm
Legislative issues related to tax reform; Issues regarding foundation excess business; H.R.2014, Reduction of Excess Business Holding Accrual Act.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
U.S. SUGAR CORPORATION · lobbying firm or registrant: CROSSROADS STRATEGIES, LLC
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Taxation/Internal Revenue Code
$80,000
Paid to lobbying firm
Legislative issues related to tax reform; Issues regarding foundation excess business; H.R.2014, Reduction of Excess Business Holding Accrual Act; H.R.1, One Big Beautiful Bill Act (P.L.119-21).
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
U.S. SUGAR CORPORATION · lobbying firm or registrant: CROSSROADS STRATEGIES, LLC
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 20, 2025 · issue area: Taxation/Internal Revenue Code
$80,000
Paid to lobbying firm
Legislative issues related to tax reform; Issues regarding foundation excess business; H.R.2014, Reduction of Excess Business Holding Accrual Act; H.R.1, One Big Beautiful Bill Act.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
U.S. SUGAR CORPORATION · lobbying firm or registrant: CROSSROADS STRATEGIES, LLC
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Taxation/Internal Revenue Code
$80,000
Paid to lobbying firm
Legislative issues related to tax reform; Issues regarding foundation excess business; H.R.2014, Reduction of Excess Business Holding Accrual Act.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing