S 2928
108th Congress
Senate
Labor and Employment
Nonprofit organizations
Social Welfare
Tax-deferred compensation plans
Taxation
A bill to clarify the status of certain employee benefit plans under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974.
Introduced: October 7, 2004
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 7, 2004
Read twice and referred to the Committee on Finance.
Oct 7, 2004
Introduced in Senate
Plain-English summary
Provides that a nonprofit corporation's employee benefit plan shall be considered to be a governmental plan under the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA), if the nonprofit corporation was: (1) incorporated on September 16, 1998, under a State nonprofit corporation statute; and (2) organized for the express purpose of supporting the missions and goals of a public corporation which was created by a State statute effective on July 1, 1995, is a governmental entity under State law, and is a member of the nonprofit corporation.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1