S 674
115th Congress
Senate
Taxation
Employee benefits and pensions
Income tax deferral
Religion
Tax-exempt organizations
A bill to amend the Internal Revenue Code of 1986 to clarify the retirement income account rules relating to church controlled organizations.
Introduced: March 21, 2017
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 21, 2017
Read twice and referred to the Committee on Finance.
Mar 21, 2017
Introduced in Senate
Plain-English summary
This bill amends the Internal Revenue Code to specify that a retirement income account provided by a church or a convention or association of churches may cover: (1) a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry, regardless of the source of his compensation; (2) an employee of a tax-exempt organization, whether a civil law corporation or otherwise, that is controlled by or associated with a church or a convention or association of churches; and (3) certain employees who have been separated from service with a church, a convention or association of churches, or an organization described above.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1