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HR 2698 IH
112th CONGRESS
1st Session
H. R. 2698
To amend the Internal Revenue Code of 1986 to broaden the special rules for certain governmental plans under section 105(j) to include plans established by political subdivisions.
IN THE HOUSE OF REPRESENTATIVES
July 29, 2011
Mr. REICHERT (for himself and Mr. BLUMENAUER) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to broaden the special rules for certain governmental plans under section 105(j) to include plans established by political subdivisions.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. EXPANSION OF APPLICATION OF SPECIAL RULES FOR CERTAIN GOVERNMENTAL PLANS TO INCLUDE PLANS ESTABLISHED BY POLITICAL SUBDIVISIONS.
(a) In General- Section 105(j)(2) of the Internal Revenue Code of 1986 is amended--
(1) by inserting ‘or established by or on behalf of a State or political subdivision thereof’ after ‘public retirement system’, and
(2) by inserting ‘or 501(c)(9)’ after ‘section 115’ in subparagraph (B) thereof.
(b) Effective Date- The amendments made by this section shall apply to payments after the date of the enactment of this Act.
U.S. Congress - Text of H.R.2698 as Introduced in House To amend the Internal Revenue Code of 1986 to broaden the special rules for certain gov...
