👀 I’m Just a Bill — Worker-Cooperative Conversion Tax Deferral

A Liana Banyan “I’m Just a Bill” Bounty Poster

What is this bill?

Federal tax-deferral legislation in the 119th Congress facilitating retiring small-business owners’ sale of business to a worker-cooperative-class structure (Section 1042-style deferral expanded to ESOP-cousin worker-cooperative conversions).

What does it actually do?

• Tax-deferred capital-gains treatment for sellers transferring to qualifying worker cooperatives
• Holding-period requirements aligned with ESOP analog provisions
• SBA loan-guarantee programs for worker-cooperative buyout financing
• Technical assistance funding for conversion process

How does this affect cooperative-class families?

Direct composing with the cooperative’s federation goal (Step 5 — Federate It). Worker-cooperative conversions of existing businesses can adopt the LBCCL framework and federate with Liana Banyan’s cooperative-class economy. Composes with #7 MSA, #10 VSL, #11 Lets Make Bread for conversion-financing capital pooling.

Shirley Temple Truth Score

🟡 Provisional.

Help Each Other Help Ourselves.