To amend title 4 of the United States Code to clarify the treatment of self-employment for purposes of the limitation on State taxation of retirement income.

Bill: 109-hr-4019
Sponsor: Rep. Cannon, Chris [R-UT-3]
Introduced: 2005-10-07 in the House
Policy area: Government Operations and Politics
Subjects: Annuities
Commerce
Cost of living adjustments
Income tax
Individual retirement accounts
Labor and Employment
Partnerships
Pension funds
Retirement income
Self-employed
Social Welfare
State taxation
Tax exemption
Tax-deferred compensation plans
Taxation

Summary:
action_date: 2005-10-07
text: 
Amends certain federal law, which prohibits states from taxing the retirement income of nonresidents, to specify retirement plans, programs, or arrangements for self-employed individuals among those which may be exempt from state taxation if the individuals are nonresidents of that state.
 
Provides that certain adjustments of a plan's benefits will not cause its periodic payments to fail the test of being substantially equal.

action_date: 2006-06-29
text: 
Amends federal law provisions which prohibit states from taxing the retirement income of nonresidents to include a prohibition on taxing retirement income paid by a partnership to a nonresident retired partner under any written plan, program, or arrangement in effect immediately before retirement begins. Makes such amendment applicable to retirement income received after December 31, 1995.

Provides that certain adjustments to retirement payments under pension or deferred compensation plans, including cost-of-living adjustments, shall not disqualify such plans under the &quot;substantially equal periodic payments&quot; test. 

action_date: 2006-07-17
text: 

(This measure has not been amended since it was reported to the House on June 29, 2006. The summary of that version is repeated here.) 

Amends federal law provisions which prohibit states from taxing the retirement income of nonresidents to include a prohibition on taxing retirement income paid by a partnership to a nonresident retired partner under any written plan, program, or arrangement in effect immediately before retirement begins. Makes such amendment applicable to retirement income received after December 31, 1995.

Provides that certain adjustments to retirement payments under pension or deferred compensation plans, including cost-of-living adjustments, shall not disqualify such plans under the &quot;substantially equal periodic payments&quot; test. 

action_date: 2006-07-24
text: 

(This measure has not been amended since it was reported to the House on June 29, 2006. The summary of that version is repeated here.)

Amends federal law provisions which prohibit states from taxing the retirement income of nonresidents to include a prohibition on taxing retirement income paid by a partnership to a nonresident retired partner under any written plan, program, or arrangement in effect immediately before retirement begins. Makes such amendment applicable to retirement income received after December 31, 1995.

Provides that certain adjustments to retirement payments under pension or deferred compensation plans, including cost-of-living adjustments, shall not disqualify such plans under the &quot;substantially equal periodic payments&quot; test. 

action_date: 2006-08-03
text: 

(This measure has not been amended since it was reported to the House on June 29, 2006. The summary of that version is repeated here.)

Amends federal law provisions which prohibit states from taxing the retirement income of nonresidents to include a prohibition on taxing retirement income paid by a partnership to a nonresident retired partner under any written plan, program, or arrangement in effect immediately before retirement begins. Makes such amendment applicable to retirement income received after December 31, 1995.

Provides that certain adjustments to retirement payments under pension or deferred compensation plans, including cost-of-living adjustments, shall not disqualify such plans under the &quot;substantially equal periodic payments&quot; test. 


Legislative actions:
action_date: 2006-08-03
text: Became Public Law No: 109-264.
action_date: 2006-08-03
text: Became Public Law No: 109-264.
action_date: 2006-08-03
text: Signed by President.
action_date: 2006-08-03
text: Signed by President.
action_date: 2006-07-27
text: Presented to President.
action_date: 2006-07-27
text: Presented to President.
action_date: 2006-07-25
text: Message on Senate action sent to the House.
action_date: 2006-07-24
text: Passed Senate without amendment by Unanimous Consent. (text: CR S8135)
action_date: 2006-07-24
text: Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(text: CR S8135)
action_date: 2006-07-24
text: Senate Committee on Finance discharged by Unanimous Consent. (consideration: CR S8135)
action_date: 2006-07-24
text: Senate Committee on Finance discharged by Unanimous Consent.(consideration: CR S8135)
action_date: 2006-07-18
text: Received in the Senate and Read twice and referred to the Committee on Finance.
action_date: 2006-07-17
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2006-07-17
text: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5244)
action_date: 2006-07-17
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H5244)
action_date: 2006-07-17
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 4019.
action_date: 2006-07-17
text: Considered under suspension of the rules. (consideration: CR H5244-5245)
action_date: 2006-07-17
text: Mr. Sensenbrenner moved to suspend the rules and pass the bill, as amended.
action_date: 2006-06-29
text: Placed on the Union Calendar, Calendar No. 304.
action_date: 2006-06-29
text: Reported (Amended) by the Committee on Judiciary. H. Rept. 109-542.
action_date: 2006-06-29
text: Reported (Amended) by the Committee on Judiciary. H. Rept. 109-542.
action_date: 2006-06-07
text: Ordered to be Reported (Amended) by Voice Vote.
action_date: 2006-06-07
text: Committee Consideration and Mark-up Session Held.
action_date: 2005-12-13
text: Forwarded by Subcommittee to Full Committee by Voice Vote.
action_date: 2005-12-13
text: Subcommittee Consideration and Mark-up Session Held.
action_date: 2005-12-13
text: Subcommittee Hearings Held.
action_date: 2005-12-06
text: Referred to the Subcommittee on Commercial and Administrative Law.
action_date: 2005-10-07
text: Referred to the House Committee on the Judiciary.
action_date: 2005-10-07
text: Sponsor introductory remarks on measure. (CR E2064)
action_date: 2005-10-07
text: Introduced in House
action_date: 2005-10-07
text: Introduced in House

Enacted as: number: 109-264