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S 952 113th Congress Senate Taxation Employee benefits and pensions Federal preemption Financial services and investments Income tax deferral Religion Tax-exempt organizations

Church Plan Clarification Act of 2013

Introduced: May 14, 2013 See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 14, 2013
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3433-3434)
May 14, 2013
Sponsor introductory remarks on measure. (CR S3433)
May 14, 2013
Introduced in Senate
 Plain-English summary Congressional Research Service

Church Plan Clarification Act of 2013 - Amends the Internal Revenue Code to declare that an organization otherwise eligible to participate in a church plan shall not be aggregated with another such organization and treated as a single employer with it unless: (1) one organization provides directly or indirectly at least 80% of the operating funds for the other one during the recipient organization's preceding tax year, and (2) there is a degree of common management or supervision between the organizations.

Preempts any state law relating to wage, salary, or payroll payment, collection, deduction, garnishment, assignment, or withholding which would directly or indirectly prohibit or restrict the inclusion in any church plan of an automatic contribution arrangement.

Excludes from gross income for income tax purposes amounts attributable to transfers of and mergers of church plans that are maintained by the same church or convention or association of churches.

Allows church plans and their supporting organizations to invest plan assets in a group trust (as defined by Internal Revenue Service Revenue Rulings).

What's happening now May 14, 2013

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3433-3434)

 Committees of jurisdiction 1