HR 6056
111th Congress
House
Taxation
Employee benefits and pensions
Income tax deferral
Real estate business
Tax-exempt organizations
To amend the Internal Revenue Code of 1986 to treat certain employee-funded pensions created before June 25, 1959, in the same manner as qualified trusts for purposes of unrelated debt-financed income derived from real property, and to increase the limitation on elective deferrals to such employee-funded pensions.
Introduced: July 30, 2010
Introduced by:
Neal, Richard E.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 30, 2010
Referred to the House Committee on Ways and Means.
Jul 30, 2010
Sponsor introductory remarks on measure. (CR E1522)
Jul 30, 2010
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to: (1) exempt certain tax-exempt employee-funded pension plans created before June 25, 1959, from rules imposing a tax on unrelated debt-financed income derived from real property; and (2) make the limits on contributions to such employee-funded pension plans equal to the limits allowed for other tax-exempt retirement accounts.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1