To amend the Internal Revenue Code of 1986 to provide for the treatment of excess benefit arrangements of certain tax-exempt group medical practices, and for other purposes.

Summary

Amends the Internal Revenue Code to: (1) prohibit applying certain provisions concerning the maximum amount which may be deferred under deferred compensation plans of State and local governments and tax-exempt organizations to any qualified excess benefit arrangement of a qualified medical entity; and (2) exclude benefits provided under such an arrangement from being used to determine whether any other plan is an eligible deferred compensation plan and the amount which may be deferred under such other plan. Exempts plans maintained by tax-exempt qualified medical entities from the reduction of the limit under such provisions for other elective deferrals. Limits the maximum amount of compensation of any one participant which may be deferred under a qualified excess benefit arrangement to an amount not to exceed the lesser of: (1) $25,000; or (2) 33 and one-third percent of the participant's includible compensation. Defines "qualified excess benefit arrangement."

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

Timeline

1. 10 October 1995

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 10 October 1995

   Introduced

   Introduced in House

   Source: IntroReferral

3. 10 October 1995

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 10 October 1995 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 October 1995

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 10 October 1995

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 10 October 1995

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Dunn, Jennifer [R-WA-8] · R · Sponsor
• Rep. Shaw, E. Clay, Jr. [R-FL-22] · R · Sponsor
• Rep. Blute, Peter I. [R-MA-3] · R · Sponsor
• Rep. Ehlers, Vernon J. [R-MI-3] · R · Sponsor
• Rep. Knollenberg, Joe [R-MI-9] · R · Sponsor
• Rep. Torkildsen, Peter G. [R-MA-6] · R · Sponsor
• Rep. LaTourette, Steven C. [R-OH-14] · R · Sponsor
• Rep. Barcia, James A. [D-MI-5] · D · Cosponsor
• Rep. Hoke, Martin R. [R-OH-10] · R · Cosponsor
• · hswm00 · Standing

Related records

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