A bill to amend the Internal Revenue Code of 1986 to clarify the retirement income account rules relating to church controlled organizations.

Summary

This bill amends the Internal Revenue Code to specify that a retirement income account provided by a church or a convention or association of churches may cover: (1) a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry, regardless of the source of his compensation; (2) an employee of a tax-exempt organization, whether a civil law corporation or otherwise, that is controlled by or associated with a church or a convention or association of churches; and (3) certain employees who have been separated from service with a church, a convention or association of churches, or an organization described above.

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

Timeline

1. 21 March 2017

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 21 March 2017

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 21 March 2017 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 21 March 2017

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 21 March 2017

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 21 March 2017

  Open at official source

Sponsors

• Rep. Cardin, Benjamin L. [D-MD-3] · D · Sponsor
• Mike Crapo · R · Sponsor
• Rep. Roberts, Pat [R-KS-1] · R · Sponsor
• Amy Klobuchar · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to ← SERVE Act
• related to ← Retirement Enhancement and Savings Act of 2018
• related to ← Family Savings Act of 2018