HR 4884 · 109th Congress · Taxation

No Special Deals for Executives Act of 2006

Introduced 2006-03-07· Sponsored by Rep. Kennedy, Mark R. [R-MN-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2006-03-07)

Plain Language Summary

[AI summary unavailable — showing source text] No Special Deals for Executives Act of 2006 - Amends the Internal Revenue Code to require any participant in a tax-exempt defined benefit plan which has a funding target attainment percentage of less than 80% to include in gross income the value of assets set aside to pay deferred compensation under a nonqualified deferred compensation plan of the employer maintaining the defined benefit plan.…

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