I'm Just a Bill: Worker-Cooperative Conversion Tax Deferral
👀 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. ...