HR 8136 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide rules for the tax treatment of employees under certain profit-sharing plans.

Introduced 1977-06-30· Sponsored by Rep. Conable, Barber B., Jr. [R-NY-35]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1977-06-30)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt from taxation certain contributions to profit sharing plans by employers which would otherwise be taxable to the employee merely because a plan includes an arrangement under which the contribution is made only if the employee elects not to receive such contribution in cash.…

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