US S836

Bill

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

Introduced
03/14/2019

In Committee
03/14/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

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

AI Summary

This bill clarifies the retirement income account rules relating to church-controlled organizations. It 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 minister of a church in the exercise of their ministry, regardless of the source of their compensation; (2) an employee of a tax-exempt organization controlled by or associated with a church; and (3) certain employees who have been separated from service with a church, a convention or association of churches, or an associated organization. The amendment applies to tax years before, on, or after the enactment of this bill.

Committee Categories

Budget and Finance

Sponsors (5)

Pat Roberts (R)*, Ben Cardin (D), Mike Crapo (R), Amy Klobuchar (D), David Perdue (R),

Last Action

Read twice and referred to the Committee on Finance. (on 03/14/2019)

Official Document

https://www.congress.gov/bill/116th-congress/senate-bill/836/all-info

(2 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/116th-congress/senate-bill/836/all-info
BillText	https://www.congress.gov/116/bills/s836/BILLS-116s836is.pdf
Bill	https://www.congress.gov/116/bills/s836/BILLS-116s836is.pdf.pdf

Bill	Bill Name	Last Action	Type
HR1007	Retirement Enhancement and Savings Act of 2019	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.	Related
HR1084	Family Savings Act of 2019	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.	Related

Bill > S836

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (5)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary