H.R. 4221 (100th): Section 457 Clarification Act of 1988

Introduced:
Mar 22, 1988 (100th Congress, 1987–1988)
Status:
Died (Referred to Committee)
Sponsor
Robert Matsui
Representative for California's 3rd congressional district
Party
Democrat
Related Bills
H.R. 4333 (Related)
Technical and Miscellaneous Revenue Act of 1988

Signed by the President
Nov 10, 1988

 
Status

This bill was introduced on March 22, 1988, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 22, 1988
Referred to Committee Mar 22, 1988
 
Full Title

A bill to amend the Internal Revenue Code of 1986 to clarify that section 457 does not apply to nonelective deferred compensation or basic employee benefits.

Summary

No summaries available.

Cosponsors
105 cosponsors (55D, 50R) (show)
Committees

House Ways and Means

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

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.


3/22/1988--Introduced.
Section 457 Clarification Act of 1988 - Amends Internal Revenue Code accounting rules governing the year of inclusion of compensation deferred under qualified plans of State and local governments and of private tax-exempt organizations. Declares the rules to be inapplicable to both nonelective deferred compensation and basic employee benefits, including bona fide vacation plans, sick leave plans, sabbatical leave, and similar benefits.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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