A bill to amend the Internal Revenue Code of 1954 to ensure that the deduction for contributions to a black lung benefit trust be allowed for any such contributions which are made for the purpose of satisfying unfunded future liability, and for other purposes.

Summary

Amends the Internal Revenue Code to specifically allow a tax deduction for contributions to a tax-exempt black lung disability trust which has as one of its purposes to fund the future liabilities of an employer for claims filed by individuals seeking compensation for disability due to black lung disease. Limits the amount of the deductible contributions to not more than 38 percent of the employer's payroll.

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Timeline

1. 16 June 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 16 June 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 June 1978

   Introduced

   Introduced in House

   Source: IntroReferral

4. 29 September 1978

   Reported

   Reported to House from the Committee on Ways and Means with amendment, H. Rept. 95-1656.

   Source: Committee

5. 29 September 1978

   Reported

   Reported to House from the Committee on Ways and Means with amendment, H. Rept. 95-1656.

   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. 10 October 1978

   Passed

   Passed/agreed to in Senate: Measure passed Senate.

   Source: Floor

10. 10 October 1978

    Floor

    Measure called up by unanimous consent in Senate.

    Source: Floor

11. 12 October 1978

    President

    Measure enrolled in Senate.

    Source: President

12. 12 October 1978

    President

    Measure enrolled in House.

    Source: President

13. 14 October 1978

    Floor

    Measure presented to President.

    Source: Floor

14. 14 October 1978

    President

    Measure presented to President.

    Source: President

15. 20 October 1978

    President

    Signed by President.

    Source: President

16. 20 October 1978

    President

    Public Law 95-488.

    Source: President

17. 20 October 1978

    Became law

    Signed by President.

    Source: BecameLaw

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 · 21 October 1978

  ViewDownloadOpen at official source

• Reported to House with amendment(s)

  summary · EN · 29 September 1978

  Open at official source

• Introduced in House

  summary · EN · 16 June 1978

  Open at official source

Sponsors

• Rep. Duncan, John J. [R-TN-2] · R · Sponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1954 to insure that the deduction for contributions to a black lung benefit trust be allowed for any such contributions which are made for the purpose of satisfying unfunded future liability, and for other purposes.
• related to ← A bill to amend the Internal Revenue Code of 1954 to insure that the deduction for contributions to a black lung benefit trust be allowed for any such contributions which are made for the purpose of satisfying unfunded future liability, and for other purposes.