HARRISBURG – Legislation sponsored by Representative Daryl Metcalfe (R-Butler) to further enhance the many benefits and advantages that Employee Stock Ownership Plans (ESOPs) have for Commonwealth family-owned businesses, employees, communities and the economy was reported out of the House Finance Committee on Tuesday.  Previously advanced 130-67 by the House in December 2019, House Bill 285 seeks to put Pennsylvania on par with the rest of the nation by applying certain provisions of the federal tax code at the state level and allowing certain business owners who sell their stock to an ESOP to indefinitely defer and possibly eliminate the capital gains taxes normally collected at the sale of the business.     According to the latest data from the National Center for Employee Ownership, there are more than 6,400 ESOPs nationwide, holding total assets of more than $1.6 trillion.  House Bill 285 now advances to the full House for consideration.