A bill relating to the application of certain provisions of the Internal Revenue Code of 1954 to specified transactions by certain public employee retirement systems created by the State of New York or any of its political subdivisions.

Summary

Amends the Internal Revenue Code to allow New York State and City employee pension plans to purchase New York City debt up to specified portions of their total assets without losing their status as tax exempt organizations or qualified pension plans.

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

Timeline

1. 12 April 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 12 April 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 12 April 1978

   Introduced

   Introduced in House

   Source: IntroReferral

4. 21 September 1978

   Reported

   Reported to House from the Committee on Ways and Means with amendment, H. Rept. 95-1605.

   Source: Committee

5. 21 September 1978

   Reported

   Reported to House from the Committee on Ways and Means with amendment, H. Rept. 95-1605.

   Source: Committee

6. 3 October 1978

   Passed

   Measure passed House, amended.

   Source: Floor

7. 3 October 1978

   Passed

   Passed/agreed to in House: Measure passed House, amended.

   Source: Floor

8. 3 October 1978

   Floor

   Measure called up under motion to suspend rules and pass in House.

   Source: Floor

9. 4 October 1978

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

10. 7 October 1978

    Discharge

    Committee on Finance discharged in Senate.

    Source: Discharge

11. 7 October 1978

    Committee

    Committee on Finance discharged in Senate.

    Source: Committee

12. 7 October 1978

    Floor

    Measure considered in Senate.

    Source: Floor

13. 7 October 1978

    Passed

    Passed/agreed to in Senate: Measure passed Senate.

    Source: Floor

14. 12 October 1978

    President

    Measure enrolled in Senate.

    Source: President

15. 12 October 1978

    President

    Measure enrolled in House.

    Source: President

16. 14 October 1978

    Floor

    Measure presented to President.

    Source: Floor

17. 14 October 1978

    President

    Measure presented to President.

    Source: President

18. 21 October 1978

    President

    Public Law 95-497.

    Source: President

19. 21 October 1978

    Became law

    Signed by President.

    Source: BecameLaw

20. 21 October 1978

    President

    Signed by President.

    Source: President

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Public Law (PDF)

  Public Law · EN · 22 October 1978

  ViewDownloadOpen at official source

• Reported to House with amendment(s)

  summary · EN · 21 September 1978

  Open at official source

• Introduced in House

  summary · EN · 12 April 1978

  Open at official source

Sponsors

• Rep. Rangel, Charles B. [D-NY-19] · D · Sponsor
• Rep. Conable, Barber B., Jr. [R-NY-35] · R · Cosponsor
• · ssfi00 · Standing
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.