A bill to amend the Internal Revenue Code of 1986 to restore the special 3-year basis recovery rule in computing the amount of an employee's annuity includible in gross income.

referredUnited States· United States Congress· EN

Introduced

4 February 1987

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Tax Reform Act of 1986 to repeal provisions which eliminated the three-year use of the basis recovery rule in computing the amount of an employee's retirement benefits includable in gross income. Provides that the Internal Revenue Code shall be applied and administered as if such provisions had not been enacted.

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Documents

1 official file

Introduced in House
summary · EN · 4 February 1987
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/house-bill/1007
Open data entity: https://api.congress.gov/v3/bill/100/hr/1007