HR 5120 · 99th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to clarify the tax treatment of voluntary employee benefit associations.

Introduced 1986-06-26· Sponsored by Rep. Feighan, Edward F. [D-OH-19]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1986-06-26)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code with respect to the tax treatment of welfare benefit plans to provide that no special accounts limits shall apply in the case of any qualified asset account under a separate welfare benefit fund under a collective bargaining agreement or an employee pay-all plan which meets certain conditions.…

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

Cosponsors (1)

1 Republican
Rep. Schulze, Richard T. [R-PA-5]PA