To amend the Internal Revenue Code of 1986 to treat certain employee-funded pensions created before June 25, 1959, in the same manner as qualified trusts for purposes of unrelated debt-financed income derived from real property, and to increase the limitation on elective deferrals to such employee-funded pensions.

Summary

Amends the Internal Revenue Code to: (1) exempt certain tax-exempt employee-funded pension plans created before June 25, 1959, from rules imposing a tax on unrelated debt-financed income derived from real property; and (2) make the limits on contributions to such employee-funded pension plans equal to the limits allowed for other tax-exempt retirement accounts.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 July 2010

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• Introduced in House (PDF)

  Introduced in House · EN · 30 July 2010

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• Introduced in House

  summary · EN · 30 July 2010

  Open at official source

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