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H. Rept. 114-748 1 (2016-09-16)

handle is hein.congrecreports/crptxrus0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP 114TH CONGRESS REPORT 2d Session HOUSE OF REPRESENTATIVES 114-748 EMPOWERING EMPLOYEES THROUGH STOCK OWNERSHIP ACT SEPTEMBER 16, 2016.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. BRADY of Texas, from the Committee on Ways and Means, submitted the following REPORT [To accompany H.R. 5719] [Including cost estimate of the Congressional Budget Office] The Committee on Ways and Means, to whom was referred the bill (H.R. 5719) to amend the Internal Revenue Code of 1986 to modify the tax treatment of certain equity grants, having consid- ered the same, report favorably thereon with an amendment and recommend that the bill as amended do pass. CONTENTS Page I. SUMMARY AND BACKGROUND ............................................................. 5 A. Purpose and Sum m ary ..................................................................... 5 B. Background and Need for Legislation ............................................. 6 C. Legislative H istory ............................................................................ 6 II. EXPLANATION OF THE BILL ................................................................. 6 A. Treatment of Qualified Equity Grants (sec. 2 of the bill and secs. 83, 3401, 3402, and 6061 of the Code) ................................ 6 III. VOTES OF THE COMM ITTEE .................................................................... 14 IV. BUDGET EFFECTS OF THE BILL ........................................................... 15 A. Committee Estimate of Budgetary Effects ...................................... 15 B. Statement Regarding New Budget Authority and Tax Expendi- tures Budget Authority .................................................................. 15 C. Cost Estimate Prepared by the Congressional Budget Office ....... 15 V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF TH E H O U SE .............................................................................................. 17 A. Committee Oversight Findings and Recommendations ................. 17 B. Statement of General Performance Goals and Objectives ............. 17 C. Information Relating to Unfunded Mandates ................................ 17 D. Applicability of House Rule XXI 5(b) .............................................. 17 E. Tax Com plexity Analysis .................................................................. 17 F. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff B enefits ................................................................................. 18 G. Duplication of Federal Programs ..................................................... 18 H. Disclosure of Directed Rule Makings .............................................. 18 59-006

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