S. 674
Referred to CommitteeA bill to amend the Internal Revenue Code of 1986 to clarify the retirement income account rules relating to church controlled organizations.
Latest Action
Read twice and referred to the Committee on Finance.
3/21/2017 • Senate
Summary
This bill amends the Internal Revenue Code to specify that a retirement income account provided by a church or a convention or association of churches may cover: (1) a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry, regardless of the source of his compensation; (2) an employee of a tax-exempt organization, whether a civil law corporation or otherwise, that is controlled by or associated with a church or a convention or association of churches; and (3) certain employees who have been separated from service with a church, a convention or association of churches, or an organization described above.
Introduced in Senate • 3/21/2017
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Sponsor
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Bill Journey
Originated in the Senate
Introduced
March 21, 2017
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law