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

Bill: 116-s-836
Sponsor: full_name: Sen. Roberts, Pat [R-KS]
Introduced: 2019-03-14
Policy area: Taxation
Subjects: Employee benefits and pensions

Income tax deferral

Religion

Tax-exempt organizations
Latest action: action_date: 2019-03-14
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2019-03-14
action_desc: Introduced in Senate
text: <p>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.</p>

tv_txt: II 116th CONGRESS 1st Session S. 836 IN THE SENATE OF THE UNITED STATES March 14, 2019 Mr. Roberts (for himself, Mr. Cardin , Mr. Crapo , Ms. Klobuchar , and Mr. Perdue ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to clarify the retirement income account rules relating to church-controlled organizations.

1. Clarification of retirement income account rules relating to church-controlled organizations (a) In general Subparagraph (B) of section 403(b)(9) of the Internal Revenue Code of 1986 is amended by inserting (including an employee described in section 414(e)(3)(B)) after employee described in paragraph (1) . (b) Effective date The amendment made by this section shall apply to years beginning before, on, or after the date of the enactment of this Act.