A bill to amend the Internal Revenue Code of 1986 to clarify the retirement income account rules relating to church controlled organizations.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Mar 21, 2017)
This bill amends the Internal Revenue Code to specify 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.
What just happenedMar 21, 2017
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateMar 21, 2017
- Mar 21, 2017IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Mar 21, 2017IntroReferral10000
Introduced in Senate