HR 11420 · 95th Congress · Income tax

A bill to amend the Internal Revenue Code of 1954 to exempt certain State and local government retirement systems from taxation, and for other purposes.

Introduced 1978-03-09· Sponsored by Rep. Meeds, Lloyd [D-WA-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-03-09)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that State and local government retirement systems shall be tax exempt organizations. Exempts these systems from the reporting requirements pertaining to deferred compensation. Treats all such systems as qualified pension plans under the code.…

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