United States · Bill · S
S. 5125 (117th)
Family Attribution Modernization Act
Introduced
17 November 2022
Last action
17 November 2022 · Introduced
Status
Read twice and referred to the Committee on Finance.
Sponsors
Sen. Kelly, Mark [D-AZ], Sen. Cassidy, Bill [R-LA]
Subjects
Taxation
Source updated
3 January 2025
Summary
Family Attribution Modernization Act This bill modifies family attribution rules for purposes of tax-exempt pension and profit sharing plans (e.g., 401k retirement plans) to provide that (1) community property laws shall be disregarded for purposes of determining ownership under attribution rules, and (2) attribution is eliminated for spouses and minor children under certain circumstances. The family attribution rule treats an individual taxpayer as owning property interests (e.g., stock) that are owned, directly or indirectly, by the individual's spouse, children, grandchildren, and parents.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
17 November 2022
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
17 November 2022
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 17 November 2022 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 17 November 2022
Introduced in Senate (PDF)
Introduced in Senate · EN · 17 November 2022
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Introduced in Senate
summary · EN · 17 November 2022
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Kelly, Mark [D-AZ] · D · Sponsor
- Sen. Cassidy, Bill [R-LA] · R · Sponsor
- · ssfi00 · Standing
Related records
- related to → Family Attribution Modernization Act
- related to → Securing a Strong Retirement Act of 2022
- related to → EARN Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/5125
- Open data entity: https://api.congress.gov/v3/bill/117/s/5125
- us · 117-s-5125 · source updated 3 January 2025