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United States · Bill · S

S. 1447 (98th)

A bill to exclude from gross income certain distributions from a qualified terminated plan.

openUnited States· United States Congress· EN

Introduced

10 June 1983

Last action

Status

Committee on Finance requested executive comment from OMB, Treasury Department.

Sponsors

Subjects

Discovery layer

Source updated

29 June 2021

Summary

Excludes from gross income, for income tax purposes, certain distributions made from a qualified terminated employee benefit plan. Requires that such distributions must have been transferred to an individual retirement account by the taxpayer on a specific date. Defines a "qualified terminated plan" as a pension plan with respect to which a notice of a sufficiency was issued by the Pension Benefit Guaranty Corporation on December 2, 1976 and which was terminated by corporate action on February 20, 1976.

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Documents

1 official file

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Sources

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