A bill to amend the Internal Revenue Code of 1986 to provide an exemption from the requirements to furnish taxpayer identification numbers in the case of certain deposits or accounts of members of certain religious faiths.

Summary

Amends the Internal Revenue Code with respect to individuals who are members of certain established religious sects and who, as adherents of sect beliefs, are conscientiously opposed to accepting benefits of any public or private insurance that makes payments in the event of death, old age, or disability or that funds Social Security type programs. Waives: (1) the required submission of a taxpayer identification number (TIN) in connection with such individuals' deposits or accounts in a financial institution; and (2) any required inclusion of the TIN by the financial institution in its paperwork.

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Documents

1 official file

• Introduced in House

  summary · EN · 16 March 1988

  Open at official source

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