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United States · Bill · HR

H.R. 4948 (97th)

A bill to amend the Internal Revenue Code of 1954 to provide for the application of cash or deferred arrangement rules to money purchase plans.

openUnited States· United States Congress· EN

Introduced

12 November 1981

Last action

—

Status

Committee on Finance. Committee consideration and Mark Up Session held.

Sponsors

—

Subjects

Discovery layer

Source updated

7 February 2024

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Summary

Amends the Internal Revenue Code to provide that a money purchase pension plan shall not lose its tax exemption because the plan includes a qualified salary reduction arrangement. Defines "qualified salary reduction arrangement" and "money purchase pension plan" for purposes of this Act. Provides that distributions from such a plan shall be taxable to the beneficiary in the same manner as an annuity.

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Documents

3 official files

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Sources

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