S 1587 · 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.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1977-05-24)
Plain Language Summary
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Amends the Internal Revenue Code to provide that State and local government retirement systems shall be tax exempt organizations. Exempts those systems from the reporting requirements pertaining to deferred compensation.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (12)
8 Democrats4 Republicans