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Market Intelligence Resource | May 25, 2012

Iowa House File 2465 Of 2012 To Establish An Initiative To Support Employee Stock Ownership Plans

May 25, 2012
The legislation provides a 50% capital gains tax deduction for Iowa-based businesses owners who sell their companies to their employees through a qualified employee stock ownership plan (ESOP). It also provides for a new program to provide financial assistance to business owners seeking to form an ESOP.
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