datamatters24/research-document-archive huggingface dataset:
tributable to the percentage in effect under sec-
tion 3101(a).
‘‘(2) SPECIAL
RULE
FOR
CERTAIN
AGREE-
MENTS.—For purposes of paragraph (1), taxes im-
posed by section 3101(a) shall include amounts
equivalent to such taxes imposed with respect to re-
muneration covered by—
‘‘(A) an agreement under section 218 of
the Social Security Act, or
‘‘(B) an agreement under section 3121(l)
(relating to agreements entered into by Amer-
ican employers with respect to foreign affili-
ates).
‘‘(3) COORDINATION WITH SPECIAL REFUND OF
SOCIAL SECURITY TAXES.—Taxes shall not be taken
into account under paragraph (1) to the extent the
taxpayer is entitled to a special refund of such taxes
under section 6413(c).
‘‘(4) COORDINATION
WITH
EARNED
INCOME
CREDIT.—No deduction shall be allowed under para-
graph (1) for any taxable year if the individual
elects to claim the earned income credit under sec-
tion 32 for the taxable year.’’
registration, of any personal property bought, sold,
or transferred by the consumer.
‘‘(4) Information required to be provided in
connection with any transaction in real estate.
‘‘(5) Information required to be provided in
connection with perfecting a security interest in per-
sonal property.
‘‘(6) Information relating to the amount of any
transaction or any credit extended in connection
with a transaction with a consumer.
(b) TECHNICAL AND CONFORMING AMENDMENT.—
Section 603(d)(2)(A) is amended by striking ‘‘(A) any—
’’ and inserting ‘‘(A) subject to section 626, any—’’.
(c) CLERICAL AMENDMENT.—The table of sections
for the Fair Credit Reporting Act is amended by adding
at the end the following new item:
‘‘626. Transaction or experience information.’’.
Æ
amended by inserting after the item relating to sec-
tion 25A the following new item:
‘‘Sec. 25B. Residential solar energy property.’’.
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply to taxable years ending after De-
cember 31, 1999.
Æ
and proper to celebrate that anniversary in a man-
ner that appropriately honors Abraham Lincoln.
SEC. 3. ESTABLISHMENT.
There is established a commission to be known as the
Abraham Lincoln Bicentennial Commission (in this Act
referred to as the ‘‘Commission’’).
SEC. 4. DUTIES.
The Commission shall have the following duties:
(1) To study activities that may be carried out
by the Federal Government to determine whether
they are fitting and proper to honor Abraham Lin-
coln on the occasion of the bicentennial anniversary
of his birth, including—
(A) the minting of an Abraham Lincoln bi-
centennial penny;
(B) the issuance of an Abraham Lincoln
bicentennial postage stamp;
(C) the convening of a joint meeting or
joint session of the Congress for ceremonies and
activities relating to Abraham Lincoln;
(D) a redesignation of the Lincoln Memo-
rial, or other activity with respect to the Memo-
rial; and
(E) the acquisition and preservation of ar-
tifacts associated with Abraham Lincoln.
the Administrator or by the Secretary of the
Treasury when the loans referred to in section
6 are repaid;
(B) the money created under this section
and the interest-free loan program established
under section 6—
(i) shall not be treated as budget au-
thority, new budget authority, budgetary
resources, spending authority, new spend-
ing authority, entitlement authority, or
credit authority;
(ii) shall not be subject to apportion-
ment or sequestration other than in ac-
cordance with the provisions of sections 4,
5, and 6; and
(iii) shall not be taken into account in
the determination of the baseline for any
fiscal year; and
(C) the disbursement of money created
under this section shall not be treated as an
outlay or a budget outlay.
(e) BANK RESERVE REQUIREMENTS.—No provision
of this Act shall be construed as affecting any authority
of the Board to adjust bank reserve requirements, as ap-
propriate.
SEC. 4. ADMINISTRATION OF THE ACT.
(a) IN GENERAL.—The Administrator of this Act
shall be under the Department of the Treasury.
(b) MANAGEMENT.—An Administrator shall be ap-
pointed by, and accountable to, the Secretary of the Treas-
ury.
(c) DUTIES OF ADMINISTRATOR.—
(1) IN GENERAL.—The Administrator shall be
solely responsible for disbursing, pursuant to section
6, funds created under this Act and otherwise car-
rying out the duties imposed under this Act.
(2) APPOINTMENT OF AGENT.—The Adminis-
trator may appoint the Board or any Federal reserve
bank as an agent of the Administrator to perform
such duties of the Administrator under this Act that
the Administrator sees fit to delegate to the Board
or any such bank.
(d) 
UNITED
STATES
GOVERNMENT
GENERAL
CHECKING ACCOUNT.—
(1) DEPOSIT.—Checks drawn on the money
created under section 3 shall be deposited to the
credit of the United States Government in a United
States Government general checking account at a
Federal reserve bank.
(2) DISBURSEMENTS FROM ACCOUNT.—All dis-
bursements of loans under section 6 shall be made
(1) a detailed statement of the findings and
conclusions of the Commission;
(2) the recommendations of the Commission;
and
(3) any other information the Commission con-
siders appropriate.
SEC. 9. TERMINATION.
The Commission shall terminate 120 days after sub-
mitting its final report pursuant to section 8.
SEC. 10. AUTHORIZATION OF APPROPRIATIONS.
There are authorized to be appropriated such sums
as may be necessary to carry out this Act.
SEC. 11. BUDGET ACT COMPLIANCE.
Any spending authority (as defined in subparagraphs
(A) and (C) of section 401(c)(2) of the Congressional
Budget Act of 1974 (2 U.S.C. 651(c)(2)(A) and (C)))
under this Act shall be effective only to such extent and
in such amounts as are provided in appropriation Acts.
Æ
‘‘(2) the cost-of-living adjustment determined
under section 1(f)(3) for the calendar year in which
the taxable year begins, determined by substituting
‘calendar year 1998’ for ‘calendar year 1992’ in sub-
paragraph (B) thereof.
If any increase determined under the preceding sentence
is not a multiple of $50, such increase shall be rounded
to the next lowest multiple of $50.’’
(b) DEDUCTION ALLOWED WHETHER OR NOT TAX-
PAYER ITEMIZES OTHER DEDUCTIONS.—Subsection (a)
of section 62 of such Code (defining adjusted gross in-
come) is amended by inserting after paragraph (17) the
following new paragraph:
‘‘(18) DEDUCTION
FOR
2-EARNER
MARRIED
COUPLES.—The deduction allowed by section 222.’’
(c) EARNED INCOME CREDIT PHASEOUT TO RE-
FLECT DEDUCTION.—Paragraph (2) of section 32(c) of
such Code (defining earned income) is amended by adding
at the end the following new subparagraph:
‘‘(C) MARRIAGE
PENALTY
REDUCTION.—
Solely for purposes of applying subsection
(a)(2)(B), earned income for any taxable year
shall be reduced by an amount equal to the
amount of the deduction allowed to the tax-
payer for such taxable year under section 222.’’
(3) CONFORMING
AMENDMENT.—The next to
last sentence of section 275(a) of such Code is
amended by inserting ‘‘or 164(g)’’ after ‘‘164(f)’’.
(b) DEDUCTION
FOR
SELF-EMPLOYED
INDIVID-
UALS.—
(1) IN
GENERAL.—Paragraph (1) of section
164(f) of the Internal Revenue Code of 1986 (relat-
ing to deduction for one-half of self-employment
taxes) is amended to read as follows:
‘‘(1) IN
GENERAL.—In the case of an indi-
vidual, in addition to the taxes described in sub-
section (a), there shall be allowed as a deduction for
the taxable year an amount equal to the sum of—
‘‘(A) the taxes imposed by section 1401(a)
for such taxable year, plus
‘‘(B) 50 percent of the taxes imposed by
section 1401(b) for such taxable year.
In the case of an individual who elects to claim the
earned income credit under section 32 for the tax-
able year, only 50 percent of the taxes described in
subparagraph (A) shall be taken into account.’’
(2) CONFORMING AMENDMENTS.—
(A) Section 32(a)(1) of such Code is
amended by inserting ‘‘who elects the applica-
tion of this section’’ after ‘‘eligible individual’’.
Secretary or the Secretary’s authorized representa-
tives.
(3) PROGRAM
PARTICIPATION.—Decisions re-
garding participation in a program are in the sole
discretion of the Secretary or an authorized rep-
resentative of the Secretary.
Æ
SEC. 9. DEFINITIONS.
For purposes of this Act, the following definitions
shall apply:
(1) ADMINISTRATOR.—The term ‘‘Adminis-
trator’’ means the Administrator appointed by the
Secretary of the Treasury.
(2) BOARD.—The term ‘‘Board’’ means the
Board of Governors of the Federal Reserve System.
(3) INDIAN TRIBE.—The term ‘‘Indian tribe’’
means any Indian tribe, band, pueblo, nation, or
other organized group or community, including any
Alaska Native village or regional or village corpora-
tion as defined in or established pursuant to the
Alaska Native Claims Settlement Act, which is rec-
ognized as eligible for the special programs and serv-
ices provided by the United States to Indians be-
cause of their status as Indians.
(4) SECRETARY.—Except when used in connec-
tion with a reference to the Secretary of Commerce,
the term ‘‘Secretary’’ means the Secretary of the
Treasury.
(5) STATE.—The term ‘‘State’’ includes the
District of Columbia, the Commonwealth of Puerto
Rico, Guam, American Samoa, the United States
Virgin Islands, and the Northern Mariana Islands.
Æ
HR 1455 IH
spect to any Medicare beneficiary (as defined in
paragraph 
(12)(E)(i)) 
identified 
by 
the
Commissioner—
‘‘(i) there has not been filed an in-
come tax return for the most recent period
for which the Secretary has information; or
there has been such a return filed and the
amount of the gross income (or the sum of
such elements of gross income as the Sec-
retary of Health and Human Services may
specify) is below such level (or levels) as
such Secretary may specify to carry out
section 1147(b) of the Social Security Act,
treating the number of dependents as the
size of the family involved; and
‘‘(ii) whether, for such an individual
who qualified for Medicare cost-sharing as-
sistance described in section 1147 at any
time in the previous year, the individual is
still described in clause (i).
‘‘(B) DISCLOSURE BY HEALTH CARE FI-
NANCING
ADMINISTRATION.—With respect to
information disclosed under subparagraph (A),
the Administrator of the Health Care Financing
Administration may disclose to the appropriate
HR 1454 IH
(c) REPORT.—The Secretary of the Treasury shall re-
port to the Committees on Appropriations of the House
of Representatives and the Senate each year on the total
amount transferred into the Religious Freedom Peace Tax
Fund during the preceding fiscal year and the purposes
for which such amount was allocated in such preceding
fiscal year. Such report shall be printed in the Congres-
sional Record upon receipt by the Committees.
(d) SENSE OF CONGRESS.—It is the sense of Con-
gress that any increase in revenue to the Treasury result-
ing from the creation of the Religious Freedom Peace Tax
Fund shall be allocated in a manner consistent with the
purposes of the Fund.
Æ
I
106TH CONGRESS
1ST SESSION
H. R. 1457
To amend the Internal Revenue Code of 1986 to extend the credit for
producing electricity from certain renewable resources.
IN THE HOUSE OF REPRESENTATIVES
APRIL 15, 1999
Mr. MINGE (for himself and Mr. GILCHREST) 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 extend
the credit for producing electricity from certain renew-
able resources.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. EXTENSION OF CREDIT FOR PRODUCING ELEC-
TRICITY FROM CERTAIN RENEWABLE RE-
SOURCES.
(a) CREDIT FOR PRODUCING ELECTRICITY FROM
POULTRY WASTE.—Section 45(c)(1) of the Internal Rev-
enue Code of 1986 (defining qualified energy resources)
is amended by striking ‘‘and’’ at the end of subparagraph
(A), by striking the period at the end of subparagraph
(B) and inserting ‘‘, and’’, and by adding at the end the
following:
‘‘(C) poultry waste.’’
(b) EXTENSION OF PLACED IN SERVICE DATE.—
Section 45(c)(3) of such Code (defining qualified facility)
is amended by striking ‘‘1999’’ and inserting ‘‘2004’’.
(c) CREDIT ALLOWED TO OPERATOR OF FACILITY IN
CERTAIN CASES.—Subsection (d) of section 45 of such
Code is amended by adding at the end the following new
paragraph:
‘‘(6) CREDIT ALLOWED TO OPERATOR IN CER-
TAIN CASES.—In the case of a facility which pro-
duces electricity exclusively from poultry waste and
which is owned by a governmental unit, such facility
shall be treated for purposes of this section as owned
solely by the operator of such facility. Subsection
(b)(3) shall not apply to any facility with respect to
which an election under the preceding sentence is in
effect.’’
(d) EFFECTIVE DATE.—The amendments made by
this section shall apply to facilities placed in service after
the date of the enactment of this Act.
Æ
I
106TH CONGRESS
1ST SESSION
H. R. 1458
To amend the Internal Revenue Code of 1986 to allow a deduction for
the old-age, survivors, and disability insurance taxes paid by employees
and self-employed individuals, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
APRIL 15, 1999
Mr. NETHERCUTT (for himself and Mr. WAMP) 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 allow a
deduction for the old-age, survivors, and disability insur-
ance taxes paid by employees and self-employed individ-
uals, and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Working Americans
Wage Restoration Act’’.
SEC. 2. DEDUCTION FOR OLD-AGE, SURVIVORS, AND DIS-
ABILITY INSURANCE TAXES OF EMPLOYEES
AND SELF-EMPLOYED INDIVIDUALS.
(a) TAXES OF EMPLOYEES.—
(1) DEDUCTION ALLOWED IN ARRIVING AT AD-
JUSTED GROSS INCOME.—Section 62(a) of the Inter-
nal Revenue Code of 1986 (defining adjusted gross
income) is amended by inserting after paragraph
(17) the following new paragraph:
‘‘(18) EMPLOYEES’ OASDI TAXES.—The deduc-
tion allowed by section 164(g).’’
(2) DETERMINATION OF DEDUCTION.—Section
164 of such Code (relating to deduction for taxes)
is amended by redesignating subsection (g) as sub-
section (h) and by inserting after subsection (f) the
following new subsection:
‘‘(g) EMPLOYEES’ OASDI TAXES.—
‘‘(1) IN
GENERAL.—In the case of an indi-
vidual, in addition to the taxes described in sub-
section (a), there shall be allowed as a deduction for
the taxable year an amount equal to the sum of—
‘‘(A) the taxes imposed by section 3101(a)
for the taxable year, and
‘‘(B) the taxes imposed by section 3201(a)
for the taxable year but only to the extent at-
(B) The heading for section 164(f) of such
Code is amended by striking ‘‘ONE-HALF’’ and
inserting ‘‘PORTION’’.
(C) Section 1402(a)(12) of such Code is
amended—
(i) by striking ‘‘one-half’’ the first
place it appears and inserting ‘‘portion’’,
and
(ii) by striking subparagraph (B) and
inserting:
‘‘(B) a percentage equal to the sum for
such year of the rate of tax under section
1401(a) and one-half of the rate of tax under
section 1401(b);’’.
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply to taxable years beginning after
December 31, 1999.
Æ
HR 4818 RFS 
$47,500,000, to remain available until expended, to sup-
port transition to democracy and to long-term develop-
ment of countries in crisis: Provided, That such support 
may include assistance to develop, strengthen, or preserve 
democratic institutions and processes, revitalize basic in-
frastructure, and foster the peaceful resolution of conflict: 
Provided further, That the United States Agency for Inter-
national Development shall submit a report to the Com-
mittees on Appropriations at least 5 days prior to begin-
ning a new program of assistance: Provided further, That 
if the President determines that it is important to the na-
tional interests of the United States to provide transition 
assistance in excess of the amount appropriated under this 
heading, up to $15,000,000 of the funds appropriated by 
this Act to carry out the provisions of part I of the For-
eign Assistance Act of 1961 may be used for purposes of 
this heading and under the authorities applicable to funds 
appropriated under this heading: Provided further, That 
funds made available pursuant to the previous proviso 
shall be made available subject to prior consultation with 
the Committees on Appropriations. 
DEVELOPMENT CREDIT AUTHORITY 
(INCLUDING TRANSFER OF FUNDS) 
For the cost of direct loans and loan guarantees pro-
vided by the United States Agency for International De-
velopment, as authorized by sections 108 and 635 of the
I 
108TH CONGRESS 
1ST SESSION 
H. R. 800
To provide for the withholding of United States contributions to any United 
Nations commission, organization, or affiliated agency that is chaired 
or presided over by a country that has repeatedly provided support 
for acts of international terrorism, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 13, 2003
Mr. FOSSELLA (for himself, Mr. ADERHOLT, Mr. BURR, Mr. CANNON, Mr. 
MARIO DIAZ-BALART of Florida, Mr. ENGLISH, Mr. FLAKE, Mr. FRANKS 
of Arizona, Mr. HERGER, Mr. KING of New York, Mr. KING of Iowa, 
Mrs. MUSGRAVE, Mr. SESSIONS, Mr. VITTER, Mr. WILSON of South 
Carolina, Ms. GINNY BROWN-WAITE of Florida, and Mr. PEARCE) intro-
duced the following bill; which was referred to the Committee on Inter-
national Relations 
A BILL 
To provide for the withholding of United States contributions 
to any United Nations commission, organization, or af-
filiated agency that is chaired or presided over by a 
country that has repeatedly provided support for acts 
of international terrorism, and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
106TH CONGRESS
2D SESSION
H. R. 1460
AN ACT
To amend the Ysleta del Sur Pueblo and Alabama and
Coushatta Indian Tribes of Texas Restoration Act to
decrease the requisite blood quantum required for mem-
bership in the Ysleta del Sur Pueblo tribe.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
That section 108(a)(2)(i) of the Ysleta del Sur Pueblo and
Alabama and Coushatta Indian Tribes of Texas Restora-
tion Act (25 U.S.C. 1300g–7) is amended by striking ‘‘1⁄8’’
and inserting ‘‘1⁄16’’.
Passed the House of Representatives September 12,
2000.
Attest:
Clerk.
I
106TH CONGRESS
1ST SESSION
H. R. 1460
To amend the Ysleta del Sur Pueblo and Alabama and Coushatta Indian
Tribes of Texas Restoration Act to decrease the requisite blood quantum
required for membership in the Ysleta del Sur Pueblo tribe.
IN THE HOUSE OF REPRESENTATIVES
APRIL 15, 1999
Mr. REYES introduced the following bill; which was referred to the Committee
on Resources
A BILL
To amend the Ysleta del Sur Pueblo and Alabama and
Coushatta Indian Tribes of Texas Restoration Act to
decrease the requisite blood quantum required for mem-
bership in the Ysleta del Sur Pueblo tribe.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. BLOOD QUANTUM REQUIRED FOR TRIBAL
MEMBERSHIP DECREASED.
Section 108(a)(2)(i) of the Ysleta del Sur Pueblo and
Alabama and Coushatta Indian Tribes of Texas Restora-
tion Act (25 U.S.C. 1300g–7) is amended by striking ‘‘1⁄8’’
and inserting ‘‘1⁄16’’.
Æ
IIB
106TH CONGRESS
2D SESSION
H. R. 1460
IN THE SENATE OF THE UNITED STATES
SEPTEMBER 13, 2000
Received; read twice and referred to the Committee on Indian Affairs
AN ACT
To amend the Ysleta del Sur Pueblo and Alabama and
Coushatta Indian Tribes of Texas Restoration Act to
decrease the requisite blood quantum required for mem-
bership in the Ysleta del Sur Pueblo tribe.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
HR 1460 RFS
That section 108(a)(2)(i) of the Ysleta del Sur Pueblo and
Alabama and Coushatta Indian Tribes of Texas Restora-
tion Act (25 U.S.C. 1300g–7) is amended by striking ‘‘1⁄8’’
and inserting ‘‘1⁄16’’.
Passed the House of Representatives September 12,
2000.
Attest:
JEFF TRANDAHL,
Clerk.
IB
Union Calendar No. 488
106TH CONGRESS
2D SESSION
H. R. 1460
[Report No. 106–830]
To amend the Ysleta del Sur Pueblo and Alabama and Coushatta Indian
Tribes of Texas Restoration Act to decrease the requisite blood quantum
required for membership in the Ysleta del Sur Pueblo tribe.
IN THE HOUSE OF REPRESENTATIVES
APRIL 15, 1999
Mr. REYES introduced the following bill; which was referred to the Committee
on Resources
SEPTEMBER 7, 2000
Committed to the Committee of the Whole House on the State of the Union
and ordered to be printed
A BILL
To amend the Ysleta del Sur Pueblo and Alabama and
Coushatta Indian Tribes of Texas Restoration Act to
decrease the requisite blood quantum required for mem-
bership in the Ysleta del Sur Pueblo tribe.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. BLOOD QUANTUM REQUIRED FOR TRIBAL
MEMBERSHIP DECREASED.
Section 108(a)(2)(i) of the Ysleta del Sur Pueblo and
Alabama and Coushatta Indian Tribes of Texas Restora-
tion Act (25 U.S.C. 1300g–7) is amended by striking ‘‘1⁄8’’
and inserting ‘‘1⁄16’’.
Union Calendar No. 488
106TH CONGRESS
2D SESSION
H. R. 1460
[Report No. 106–830]
A BILL
To amend the Ysleta del Sur Pueblo and Alabama
and Coushatta Indian Tribes of Texas Restora-
tion Act to decrease the requisite blood quantum
required for membership in the Ysleta del Sur
Pueblo tribe.
SEPTEMBER 7, 2000
Committed to the Committee of the Whole House on the
State of the Union and ordered to be printed
II
Calendar No. 912
106TH CONGRESS
2D SESSION
H. R. 1460
[Report No. 106–464]
IN THE SENATE OF THE UNITED STATES
SEPTEMBER 13, 2000
Received; read twice and referred to the Committee on Indian Affairs
OCTOBER 2 (legislative day, SEPTEMBER 22), 2000
Reported by Mr. CAMPBELL, without amendment
AN ACT
To amend the Ysleta del Sur Pueblo and Alabama and
Coushatta Indian Tribes of Texas Restoration Act to
decrease the requisite blood quantum required for mem-
bership in the Ysleta del Sur Pueblo tribe.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
HR 1460 RS
That section 108(a)(2)(i) of the Ysleta del Sur Pueblo and
Alabama and Coushatta Indian Tribes of Texas Restora-
tion Act (25 U.S.C. 1300g–7) is amended by striking ‘‘1⁄8’’
and inserting ‘‘1⁄16’’.
Calendar No. 912
106TH CONGRESS
2D SESSION
H. R. 1460
[Report No. 106–464]
A BILL
To amend the Ysleta del Sur Pueblo and Alabama
and Coushatta Indian Tribes of Texas Restora-
tion Act to decrease the requisite blood quantum
required for membership in the Ysleta del Sur
Pueblo tribe.
OCTOBER 2 (legislative day, SEPTEMBER 22), 2000
Reported without amendment
SEC. 2. OWNERSHIP POLICY FOR THE UNITED STATES.
(a) FINDINGS.—The Congress finds that—
(1) there is considerable evidence that em-
ployee-owned and employee-controlled corporations
are more productive and provide more wealth to
their employees than corporations not so owned, and
(2) the workplace experience of employee-owned
and employee-controlled corporations is proven to
foster greater appreciation of the economic system of
the United States that relies on ownership of private
property and capitalism.
(b) POLICY.—It is the policy of the United States
that by the year 2010, 30 percent of all United States
corporations are owned and controlled by employees of the
corporations.
SEC. 3. TAX INCENTIVES RELATING TO EMPLOYEE-OWNED
AND 
EMPLOYEE-CONTROLLED 
CORPORA-
TIONS.
(a) TRUST OF EMPLOYEE-OWNED AND EMPLOYEE-
CONTROLLED
CORPORATION
EXEMPT
FROM
TAX-
ATION.—
(1) IN GENERAL.—Section 501(c) of the Inter-
nal Revenue Code of 1986 (relating to list of exempt
organizations) is amended by adding at the end the
following new paragraph: