A bill to continue the present income tax treatment of nonqualified deferred compensation plans established by State and local governments and other employers.

Summary

Permits a taxpayer to continue to treat, at his option, a payment of compensation under a nonqualified compensation reduction plan as payable to him in a later tax year, despite a proposed Treasury Department rule which would require such payment to be treated as payable to the taxpayer in the year it would have been payable but for the taxpayer's exercise of his option.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 20 March 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 20 March 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 March 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 20 March 1978

  Open at official source

Sponsors

• Rep. Martin, James G. [R-NC-9] · R · Sponsor
• Rep. Broyhill, James T. [R-NC-10] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → A bill to continue the existing income tax treatment of nonqualified deferred compensation plans established by State and local governments and other employers.