A bill to amend the Internal Revenue Code of 1986 to provide cost-of-living adjustments to the limitations applicable to certain deferred compensation plans.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to require the Secretary of the Treasury to adjust the maximum amount that may be deferred for the taxable year under State and local government deferred compensation plans for increases in the cost of living in accordance with regulations prescribed by the Secretary.…