US SB836 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on March 14 2019 - 25% progression, died in committee
Action: 2019-03-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 14 2019 - 25% progression, died in committee
Action: 2019-03-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifies the tax rules for retirement accounts maintained by church-controlled organizations. The bill specifies that a retirement income account provided by a church or a convention or association of churches may cover (1) a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry, regardless of the source of his compensation; (2) an employee of a tax-exempt organization, whether a civil law corporation or otherwise, that is controlled by or associated with a church or a convention or association of churches; and (3) certain employees who have been separated from service with a church, a convention or association of churches, or an organization described above.
Title
A bill to amend the Internal Revenue Code of 1986 to clarify the retirement income account rules relating to church-controlled organizations.
Sponsors
| Sen. Pat Roberts [R-KS] | Sen. Benjamin Cardin [D-MD] | Sen. Mike Crapo [R-ID] | Sen. Amy Klobuchar [D-MN] |
| Sen. David Perdue [R-GA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-03-14 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB1007 (Related) 2019-02-06 - Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
HB1084 (Related) 2019-02-07 - Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
HB1084 (Related) 2019-02-07 - Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/836/all-info |
| Text | https://www.congress.gov/116/bills/s836/BILLS-116s836is.pdf |
