A bill to amend the Internal Revenue Code of 1954 to provide rules for the tax treatment of employees under certain profit-sharing plans.

Summary

Amends the Internal Revenue Code to exempt from taxation certain contributions to profit sharing plans by employers which would otherwise be taxable to the employee merely because a plan includes an arrangement under which the contribution is made only if the employee elects not to receive such contribution in cash.

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

Timeline

1. 30 June 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 30 June 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 June 1977

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 30 June 1977

  Open at official source

Sponsors

• Rep. Conable, Barber B., Jr. [R-NY-35] · R · Sponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1954 to provide rules for the tax treatment of employees under certain profit sharing plans.