S 2480
100th Congress
Senate
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
Public and Tax-Exempt Employees Deferred Compensation Act of 1988
Introduced: June 7, 1988
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 7, 1988
Read twice and referred to the Committee on Finance.
Jun 7, 1988
Introduced in Senate
Plain-English summary
Public and Tax-Exempt Employees Deferred Compensation 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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1