H.R. 4019 (109th): To amend title 4 of the United States Code to clarify the treatment of self-employment for purposes ...

...of the limitation on State taxation of retirement income.

109th Congress, 2005–2006. Text as of Oct 07, 2005 (Introduced).

Status & Summary | PDF | Source: GPO

I

109th CONGRESS

1st Session

H. R. 4019

IN THE HOUSE OF REPRESENTATIVES

October 7, 2005

introduced the following bill; which was referred to the Committee on the Judiciary

A BILL

To amend title 4 of the United States Code to clarify the treatment of self-employment for purposes of the limitation on State taxation of retirement income.

1.

Clarification of treatment of self-employment for purposes of the limitation on state taxation of retirement income

(a)

In general

Section 114(b)(1)(i) of title 4, United States Code, is amended by—

(1)

inserting and any plan, program, or arrangement providing for retirement benefits to a retired partner (treated as such under applicable tax laws) after section 3121(v)(2)(C) of such Code,

(2)

inserting which may include income described in subparagraphs (A) through (H) after (not less frequently than annually, and

(3)

adding at the end the following: The fact that benefits may be adjusted from time to time pursuant to the plan to limit total disbursements under a predetermined formula, or to provide cost of living or similar adjustments, will not cause the period benefits provided under the plan to fail the substantially equal period payments test..

(b)

Application

The amendments made by this section apply to amounts received after December 31, 1995.