To amend the Internal Revenue Code of 1986 to provide for a waiver of minimum required distribution rules applicable to pension plans for 2013 and 2014.

Bill: 113-hr-2732
Sponsor: full_name: Rep. Burgess, Michael C. [R-TX-26]
Introduced: 2013-07-18
Policy area: Taxation
Subjects: Employee benefits and pensions

Income tax deferral
Latest action: action_date: 2013-07-18
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2013-07-18
action_desc: Introduced in House
text: <p>Amends the Internal Revenue Code to waive minimum distribution requirements for tax-exempt retirement plans for calendar years 2013 and 2014.</p>

tv_txt: I 113th CONGRESS 1st Session H. R. 2732 IN THE HOUSE OF REPRESENTATIVES July 18, 2013 Mr. Burgess introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide for a waiver of minimum required distribution rules applicable to pension plans for 2013 and 2014.

1. Waiver of pension plan minimum required distribution rules for 2013 and 2014 (a) In general Clause (i) of section 401(a)(9)(H) of the Internal Revenue Code of 1986 (relating to general rule for temporary waiver of minimum required distribution) is amended by striking calendar year 2009 and inserting calendar years 2009, 2013, and 2014 . (b) Conforming amendments (1) Clause (ii) of section 401(a)(9)(H) of such Code is amended— (A) in subclause (I) by striking calendar years after 2009 and inserting calendar year after 2009 and before 2013 and calendar years after 2014 , and (B) in subclause (II) by striking calendar year 2009 and inserting calendar years 2009, 2013, and 2014 . (2) Paragraph (4) of section 402(c) of such Code is amended— (A) by inserting , 2013, or 2014 after 2009 the first place it appears, and (B) by striking 2009 the second place it appears and inserting 2009, 2013, or 2014, as the case may be . (c) Effective date (1) In general The amendments made by this section shall apply to calendar years beginning after December 31, 2012. (2) Provisions relating to plan or contract amendments (A) In general If this paragraph applies to any pension plan or contract amendment, such pension plan or contract shall not fail to be treated as being operated in accordance with the terms of the plan during the period described in subparagraph (B)(ii) solely because the plan operates in accordance with this section. (B) Amendments to which paragraph applies (i) In general This paragraph shall apply to any amendment to any pension plan or annuity contract which— (I) is made pursuant to the amendments made by this section, and (II) is made on or before the last day of the first plan year beginning on or after January 1, 2015. In the case of a governmental plan, subclause (II) shall be applied by substituting 2016 for 2015 . (ii) Conditions This paragraph shall not apply to any amendment unless during the period beginning on the effective date of the amendment and ending on December 31, 2014, the plan or contract is operated as if such plan or contract amendment were in effect.