A bill to provide that certain small reversions of qualified plan assets before the date of the enactment of the Tax Reform Act of 1986 will not be subject to the excise tax on such reversions added by such Act.

Summary

Exempts from the excise tax on employer reversions any reversion from qualified retirement plan assets: (1) that occurred prior to the enactment of the Tax Reform Act of 1986 pursuant to a plan termination occurring before that same date; and (2) that results in an aggregate employer reversion amount of $1,000,000 or less.

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

Timeline

1. 23 June 1987

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 23 June 1987

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 June 1987

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 23 June 1987

  Open at official source

Sponsors

• Rep. Mollohan, Alan B. [D-WV-1] · D · Sponsor
• · hswm00 · Standing

Related records

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