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United States · Bill · S

S. 2480 (100th)

Public and Tax-Exempt Employees Deferred Compensation Act of 1988

referredUnited States· United States Congress· EN

Introduced

7 June 1988

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

28 August 2025

Summary

Public and Tax-Exempt Employees Deferred Compensation Act of 1988 - Amends Internal Revenue Code accounting rules governing the year of inclusion of compensation deferred under qualified plans of State and local governments and of private tax-exempt organizations. Declares the rules to be inapplicable to both nonelective deferred compensation and basic employee benefits, including bona fide vacation plans, sick leave plans, sabbatical leave, and similar benefits.

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Documents

1 official file

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Sources

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