S 69 · 100th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to repeal the basis recovery rule for pension plans.

Introduced 1987-01-06· Sponsored by Sen. Trible, Paul S., Jr. [R-VA]· Senate

Bill Progress

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Introduced

Committee

Senate Vote

House

Enacted

Latest: Read twice and referred to the Committee on Finance.(1987-01-06)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow the use of the three-year basis recovery rule in computing the amount of an employee's retirement benefits includible in gross income.…

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

Cosponsors (18)

10 Democrats8 Republicans

Sen. Warner, John [R-VA]VA

Sen. Hecht, Chic [R-NV]NV

Sen. Burdick, Quentin N. [D-ND]ND

Sen. Nickles, Don [R-OK]OK

Sen. Hollings, Ernest F. [D-SC]SC

Sen. Cochran, Thad [R-MS]MS

Sen. Domenici, Pete V. [R-NM]NM

Sen. Stevens, Ted [R-AK]AK

Sen. Chafee, John H. [R-RI]RI

Sen. Kerry, John F. [D-MA]MA

Sen. Mikulski, Barbara A. [D-MD]MD

Sen. Sarbanes, Paul S. [D-MD]MD

Sen. Heflin, Howell [D-AL]AL

Sen. Mitchell, George J. [D-ME]ME

Sen. Pell, Claiborne [D-RI]RI

Sen. Bingaman, Jeff [D-NM]NM

Sen. Gore, Albert, Jr. [D-TN]TN

Sen. D'Amato, Alfonse [R-NY]NY