HR 4221
100th Congress
House
Taxation
Accounting
Employee benefit plans
Income tax
Labor and Employment
Local and Municipal Government
Local officials and employees
State officials and employees
States
Tax-deferred compensation plans
Tax-exempt organizations
Section 457 Clarification Act of 1988
Introduced: March 22, 1988
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 10, 1988
Provisions of Measure Incorporated Into H.R.4333.
Mar 22, 1988
Referred to House Committee on Ways and Means.
Mar 22, 1988
Introduced in House
Plain-English summary
Section 457 Clarification Act of 1988 - Amends Internal Revenue Code accounting rules governing the year of inclusion of compensation deferred under qualified plans of State and local governments and of private tax-exempt organizations. Declares the rules to be inapplicable to both nonelective deferred compensation and basic employee benefits, including bona fide vacation plans, sick leave plans, sabbatical leave, and similar benefits.
What's happening now
Provisions of Measure Incorporated Into H.R.4333.
Committees of jurisdiction
1