S. 2751 (96th): A bill to amend the Internal Revenue Code of 1954 to permit certain multi-year pension plan distributions to be treated as qualifying rollover distributions.

Introduced:
May 22, 1980 (96th Congress, 1979–1980)
Sponsor:
Sen. Robert Morgan [D-NC]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on May 22, 1980, in a previous session of Congress, but was not enacted.

Progress
Introduced May 22, 1980
Cosponsors
none
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

5/22/1980--Introduced.
Amends the Internal Revenue Code, with respect to the special rollover rules governing taxability of beneficiaries of employee pension trusts, to exclude from gross income for a particular taxable year distributions from a pension plan which are rolled over into an eligible retirement plan after the close of such taxable year but before the date prescribed by law for the filing of an income tax return (ordinarily, April 15). Limits such exclusion to distributions made under a plan on account of its termination or the complete discontinuance of contributions.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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