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S. 836: A bill to amend the Internal Revenue Code of 1986 to clarify the retirement income account rules relating to church-controlled organizations.

The text of the bill below is as of Mar 14, 2019 (Introduced).


II

116th CONGRESS

1st Session

S. 836

IN THE SENATE OF THE UNITED STATES

March 14, 2019

(for himself, Mr. Cardin, Mr. Crapo, Ms. Klobuchar, and Mr. Perdue) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to clarify the retirement income account rules relating to church-controlled organizations.

1.

Clarification of retirement income account rules relating to church-controlled organizations

(a)

In general

Subparagraph (B) of section 403(b)(9) of the Internal Revenue Code of 1986 is amended by inserting (including an employee described in section 414(e)(3)(B)) after employee described in paragraph (1).

(b)

Effective date

The amendment made by this section shall apply to years beginning before, on, or after the date of the enactment of this Act.