A bill to amend the Internal Revenue Code of 1986 to provide that income of certain spouses will not be aggregated for purposes of the limitations of sections 401(a)(17) and 404(1) of such Code.

Summary

Amends the Internal Revenue Code to provide that for purposes of determining the compensation of highly compensated employees for certain pension plans, the rules attributing compensation between spouses will not apply if both spouses are licensed to perform services in the same professional field and perform such services on a full-time basis for the same employer.

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

Timeline

1. 24 July 1991

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 24 July 1991

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · undated · Official file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 24 July 1991

  Open at official source

Sponsors

• Sen. Helms, Jesse [R-NC] · R · Sponsor
• · ssfi00 · Standing

Related records

• related to → To amend the Internal Revenue Code of 1986 to provide that income of certain spouses will not be aggregated for purposes of the limitations of sections 401(a)(17) and 404(1) of such Code.