To amend certain provisions of the FAA Modernization and Reform Act of 2012.

Bill: 113-hr-2591
Sponsor: full_name: Rep. Grimm, Michael G. [R-NY-11]
Introduced: 2013-06-28
Policy area: Taxation
Subjects: Aviation and airports

Bankruptcy

Employee benefits and pensions

Income tax deferral

Transportation employees
Latest action: action_date: 2014-12-18
text: Became Public Law No: 113-243.

Summaries:
action_date: 2013-06-28
action_desc: Introduced in House
text: <p>Amends the FAA Modernization and Reform Act of 2012, with respect to rollovers to a traditional or Roth individual retirement account (IRA) of payments to qualified airline employees in commercial airline carrier bankruptcy cases, to: (1) extend the period for filing a claim for refund of an overpayment of tax resulting from the receipt of such payments (i.e., by the later of April 15, 2015, or the expiration of the limitation period for filing refund claims); (2) modify the definition of &quot;airline payment amount&quot; to include payments in an airline carrier bankruptcy case filed after September 11, 2001, and before January 1, 2007, or on November 29, 2011; and (3) modify the definition of &quot;qualified airline employee&quot; to include an employee who was a participant in a defined benefit plan maintained by an airline carrier that was frozen effective November 1, 2012.</p>

action_date: 2014-12-11
action_desc: Passed House without amendment
text: <p><b>(This measure has not been amended since it was introduced. The summary of that version is repeated here.)</b></p> <p>Amends the FAA Modernization and Reform Act of 2012, with respect to rollovers to a traditional or Roth individual retirement account (IRA) of payments to qualified airline employees in commercial airline carrier bankruptcy cases, to: (1) extend the period for filing a claim for refund of an overpayment of tax resulting from the receipt of such payments (i.e., by the later of April 15, 2015, or the expiration of the limitation period for filing refund claims); (2) modify the definition of &quot;airline payment amount&quot; to include payments in an airline carrier bankruptcy case filed after September 11, 2001, and before January 1, 2007, or on November 29, 2011; and (3) modify the definition of &quot;qualified airline employee&quot; to include an employee who was a participant in a defined benefit plan maintained by an airline carrier that was frozen effective November 1, 2012.</p>

action_date: 2014-12-13
action_desc: Passed Senate without amendment
text: <p><b>(This measure has not been amended since it was introduced. The summary of that version is repeated here.)</b></p> <p>Amends the FAA Modernization and Reform Act of 2012, with respect to rollovers to a traditional or Roth individual retirement account (IRA) of payments to qualified airline employees in commercial airline carrier bankruptcy cases, to: (1) extend the period for filing a claim for refund of an overpayment of tax resulting from the receipt of such payments (i.e., by the later of April 15, 2015, or the expiration of the limitation period for filing refund claims); (2) modify the definition of &quot;airline payment amount&quot; to include payments in an airline carrier bankruptcy case filed after September 11, 2001, and before January 1, 2007, or on November 29, 2011; and (3) modify the definition of &quot;qualified airline employee&quot; to include an employee who was a participant in a defined benefit plan maintained by an airline carrier that was frozen effective November 1, 2012.</p>

action_date: 2014-12-18
action_desc: Public Law
text: <p><b>(This measure has not been amended since it was introduced. The summary of that version is repeated here.)</b></p> <p>Amends the FAA Modernization and Reform Act of 2012, with respect to rollovers to a traditional or Roth individual retirement account (IRA) of payments to qualified airline employees in commercial airline carrier bankruptcy cases, to: (1) extend the period for filing a claim for refund of an overpayment of tax resulting from the receipt of such payments (i.e., by the later of April 15, 2015, or the expiration of the limitation period for filing refund claims); (2) modify the definition of &quot;airline payment amount&quot; to include payments in an airline carrier bankruptcy case filed after September 11, 2001, and before January 1, 2007, or on November 29, 2011; and (3) modify the definition of &quot;qualified airline employee&quot; to include an employee who was a participant in a defined benefit plan maintained by an airline carrier that was frozen effective November 1, 2012.</p>

tv_txt: I 113th CONGRESS 1st Session H. R. 2591 IN THE HOUSE OF REPRESENTATIVES June 28, 2013 Mr. Grimm (for himself, Ms. Eddie Bernice Johnson of Texas , Mr. DeFazio , Mr. Hanna , Mr. Bishop of New York , Mr. Roskam , and Mr. Burgess ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend certain provisions of the FAA Modernization and Reform Act of 2012.

1. Rollover of amounts received in airline carrier bankruptcy (a) Extension of time To file claim for refund Section 1106(a)(3) of the FAA Modernization and Reform Act of 2012 ( 26 U.S.C. 408 note) is amended by striking 2013 and inserting 2015 . (b) Definitions and special rules Section 1106(c) of such Act is amended— (1) in paragraph (1)(A)(i) by inserting or filed on November 29, 2011, after 2007, ; and (2) in paragraph (2)(B)— (A) by striking terminated or and inserting terminated, ; and (B) by inserting , or was frozen effective November 1, 2012 after Pension Protection Act of 2006 .

tv_txt: I 113th CONGRESS 2d Session H. R. 2591 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend certain provisions of the FAA Modernization and Reform Act of 2012.

1. Rollover of amounts received in airline carrier bankruptcy (a) Extension of time To file claim for refund Section 1106(a)(3) of the FAA Modernization and Reform Act of 2012 ( 26 U.S.C. 408 note) is amended by striking 2013 and inserting 2015 . (b) Definitions and special rules Section 1106(c) of such Act is amended— (1) in paragraph (1)(A)(i) by inserting or filed on November 29, 2011, after 2007, ; and (2) in paragraph (2)(B)— (A) by striking terminated or and inserting terminated, ; and (B) by inserting , or was frozen effective November 1, 2012 after Pension Protection Act of 2006 .

Passed the House of Representatives December 11, 2014. Karen L. Haas, Clerk.

tv_txt: I One Hundred Thirteenth Congress of the United States of America At the Second Session Begun and held at the City of Washington on Friday, the third day of January, two thousand and fourteen H. R. 2591 AN ACT To amend certain provisions of the FAA Modernization and Reform Act of 2012.

1. Rollover of amounts received in airline carrier bankruptcy (a) Extension of time To file claim for refund Section 1106(a)(3) of the FAA Modernization and Reform Act of 2012 ( 26 U.S.C. 408 note) is amended by striking 2013 and inserting 2015 . (b) Definitions and special rules Section 1106(c) of such Act is amended— (1) in paragraph (1)(A)(i) by inserting or filed on November 29, 2011, after 2007, ; and (2) in paragraph (2)(B)— (A) by striking terminated or and inserting terminated, ; and (B) by inserting , or was frozen effective November 1, 2012 after Pension Protection Act of 2006 .

Speaker of the House of Representatives. Vice President of the United States and President of the Senate.

tv_txt: II 113th CONGRESS 2d Session H. R. 2591 IN THE SENATE OF THE UNITED STATES December 12, 2014 Received AN ACT To amend certain provisions of the FAA Modernization and Reform Act of 2012.

1. Rollover of amounts received in airline carrier bankruptcy (a) Extension of time To file claim for refund Section 1106(a)(3) of the FAA Modernization and Reform Act of 2012 ( 26 U.S.C. 408 note) is amended by striking 2013 and inserting 2015 . (b) Definitions and special rules Section 1106(c) of such Act is amended— (1) in paragraph (1)(A)(i) by inserting or filed on November 29, 2011, after 2007, ; and (2) in paragraph (2)(B)— (A) by striking terminated or and inserting terminated, ; and (B) by inserting , or was frozen effective November 1, 2012 after Pension Protection Act of 2006 .

Passed the House of Representatives December 11, 2014. Karen L. Haas, Clerk