To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the purposes of certain provisions of the Internal Revenue Code of 1986, and for other purposes.

Bill: 108-hr-5365
Sponsor: Rep. English, Phil [R-PA-3]
Introduced: 2004-11-16 in the House
Policy area: Taxation
Subjects: Associations, institutions, etc.
Churches
Defined contribution plans
Families
Income tax
Labor and Employment
Pension funds
Religion
Tax-deferred compensation plans
Youth services

Summary:
action_date: 2004-11-16
text: 
Provides that any retirement plan maintained by the Young Men's Christian Association (YMCA) Retirement Fund as of January 1, 2003, shall be treated as a church plan under provisions relating to tax-exempt pension and other employee benefit plans of the Internal Revenue Code. 
 
Exempts YMCA retirement plans from certain limitations applicable to church plans. Allows YMCA retirement plans to qualify for tax treatment as money purchase pension plans and church self-funded death benefit plans.

action_date: 2004-11-19
text: 

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

 
Provides that any retirement plan maintained by the Young Men's Christian Association (YMCA) Retirement Fund as of January 1, 2003, shall be treated as a church plan under provisions relating to tax-exempt pension and other employee benefit plans of the Internal Revenue Code. 
 
Exempts YMCA retirement plans from certain limitations applicable to church plans. Allows YMCA retirement plans to qualify for tax treatment as money purchase pension plans and church self-funded death benefit plans.

action_date: 2004-12-07
text: 

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

 
Provides that any retirement plan maintained by the Young Men's Christian Association (YMCA) Retirement Fund as of January 1, 2003, shall be treated as a church plan under provisions relating to tax-exempt pension and other employee benefit plans of the Internal Revenue Code. 
 
Exempts YMCA retirement plans from certain limitations applicable to church plans. Allows YMCA retirement plans to qualify for tax treatment as money purchase pension plans and church self-funded death benefit plans.

action_date: 2004-12-21
text: 

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

 
Provides that any retirement plan maintained by the Young Men's Christian Association (YMCA) Retirement Fund as of January 1, 2003, shall be treated as a church plan under provisions relating to tax-exempt pension and other employee benefit plans of the Internal Revenue Code. 
 
Exempts YMCA retirement plans from certain limitations applicable to church plans. Allows YMCA retirement plans to qualify for tax treatment as money purchase pension plans and church self-funded death benefit plans.


Legislative actions:
action_date: 2004-12-21
text: Became Public Law No: 108-476.
action_date: 2004-12-21
text: Became Public Law No: 108-476.
action_date: 2004-12-21
text: Signed by President.
action_date: 2004-12-21
text: Signed by President.
action_date: 2004-12-10
text: Presented to President.
action_date: 2004-12-10
text: Presented to President.
action_date: 2004-12-07
text: Message on Senate action sent to the House.
action_date: 2004-12-07
text: Passed Senate without amendment by Unanimous Consent. (consideration: CR S11863-11864)
action_date: 2004-12-07
text: Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S11863-11864)
action_date: 2004-11-19
text: Received in the Senate, read twice.
action_date: 2004-11-19
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2004-11-19
text: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H10042-10043)
action_date: 2004-11-19
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H10042-10043)
action_date: 2004-11-19
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 5365.
action_date: 2004-11-19
text: Considered under suspension of the rules. (consideration: CR H10042-10044)
action_date: 2004-11-19
text: Mr. English moved to suspend the rules and pass the bill.
action_date: 2004-11-16
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.
action_date: 2004-11-16
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.
action_date: 2004-11-16
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.
action_date: 2004-11-16
text: Introduced in House
action_date: 2004-11-16
text: Introduced in House

Enacted as: number: 108-476