ESOPs before and after the Revenue Reconciliation Act of 1989 : an honors thesis (HONRS 499)

This discussion of Employee Stock Ownership Plans deals with the recent changes made in these plans by the Revenue Reconciliation Act of 1989. This paper will begin by giving some background on the Employee Stock Ownership Plans and the tax treatment of these plans before the Revenue Reconciliation Act Of 1989. The paper then will explore the recent changes in accounting for ESOPs and the possible consequences on corporations resulting from these limitations.