HR 4221 · 100th Congress · Taxation

Section 457 Clarification Act of 1988

Introduced 1988-03-22· Sponsored by Rep. Matsui, Robert T. [D-CA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Provisions of Measure Incorporated Into H.R.4333.(1988-11-10)

Plain Language Summary

[AI summary unavailable — showing source text] Section 457 Clarification Act of 1988 - Amends Internal Revenue Code accounting rules governing the year of inclusion of compensation deferred under qualified plans of State and local governments and of private tax-exempt organizations. Declares the rules to be inapplicable to both nonelective deferred compensation and basic employee benefits, including bona fide vacation plans, sick leave plans, sabbatical leave, and similar benefits.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

10 Democrats10 Republicans
Rep. Vander Jagt, Guy [R-MI-9]MI
Rep. McGrath, Raymond J. [R-NY-5]NY
Rep. Mineta, Norman Y. [D-CA-13]CA
Rep. Downey, Thomas J. [D-NY-2]NY
Rep. Rowland, John G. [R-CT-5]CT
Rep. Henry, Paul B. [R-MI-5]MI
Rep. Towns, Edolphus [D-NY-11]NY
Rep. Williams, Pat [D-MT-1]MT
Rep. Marlenee, Ron [R-MT-2]MT
Rep. Konnyu, Ernest L. [R-CA-12]CA
Rep. Guarini, Frank J. [D-NJ-14]NJ
Rep. Moody, Jim [D-WI-5]WI
Rep. Coyne, William J. [D-PA-14]PA
Rep. Moorhead, Carlos J. [R-CA-22]CA
Rep. Solomon, Gerald B. H. [R-NY-24]NY
Rep. Fazio, Vic [D-CA-4]CA
Rep. Vento, Bruce F. [D-MN-4]MN
Rep. Boehlert, Sherwood [R-NY-25]NY
Rep. Wortley, George C. [R-NY-27]NY
Rep. Nowak, Henry [D-NY-33]NY