To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the purposes of certain provisions of the Internal Revenue Code of 1986, and for other purposes

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To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the purposes of certain provisions of the Internal Revenue Code of 1986, and for other purposes

To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the purposes of certain provisions of the Internal Revenue Code of 1986, and for other purposes

Act Details

To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the purposes of certain provisions of the Internal Revenue Code of 1986, and for other purposes was a proposal (now, a piece of legislation) introduced on 2004-11-16 in the House of Commons and Senate respectively of the 108 United States Congress by Philip Sheridan English in relation with: Associations, institutions, etc., Churches, Defined contribution plans, Families, Income tax, Labor and employment, Pension funds, Religion, Tax-deferred compensation plans, Taxation, Youth services.

To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the purposes of certain provisions of the Internal Revenue Code of 1986, and for other purposes became law (1) in the United States on 2004-12-21. It was referred to the following Committee(s): (2)

House Ways and Means (HSWM)
House Education and the Workforce (HSED)

Philip Sheridan English, member of the US congress
Philip Sheridan English, Republican, Representative from Pennsylvania, district 21

The proposal had the following cosponsors:

Robert Ernest Andrews, Democrat, Representative, from New Jersey, district 1
Bob Beauprez, Representative, from Colorado, district 7
Earl Pomeroy, Representative, from North Dakota

Act Overview

  • Number: 5365 (3)
  • Official Title as Introduced: To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the purposes of certain provisions of the Internal Revenue Code of 1986, and for other purposes (4)
  • Date First Introduced: 2004-11-16
  • Sponsor Name: Earl Pomeroy
  • Assignment Process: See Committe Assignments (5)
  • Latest Major Activity/Action: Enacted
  • Date Enacted (signed, in general (6), by President): 2004-12-21
  • Type: hr (7)
  • Main Topic: Taxation
  • Related Bills: (8)
  • Summary of To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the purposes of certain provisions of the Internal Revenue Code of 1986, and for other purposes: Govtrack. Authored by the Congressional Research Service (CRS) of the Library of Congress.
  • Primary Source: Congress Website

Text of the To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the purposes of certain provisions of the Internal Revenue Code of 1986, and for other purposes

Provides that any retirement plan maintained by the Young Men's Christian Association (YMCA) Retirement Fund as of January 1 2003 shall be treated as a church plan under provisions relating to tax-exempt pension and other employee benefit plans of the Internal Revenue Code.

Exempts YMCA retirement plans from certain limitations applicable to church plans. Allows YMCA retirement plans to qualify for tax treatment as money purchase pension plans and church self-funded death benefit plans.

Bill Notes

  • [Note 1] An Act (like To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the purposes of certain provisions of the Internal Revenue Code of 1986, and for other purposes) or a resolution cannot become a law in the United States until it has been approved (passed) in identical form by both the House of Representatives and the Senate, as well as signed by the President (but see (5)). If the two bodys of the Congress versions of a bill are not identical, one of the bodies might decide to take a further vote to adopt the bill (see more about the Congress process here). An Act may be pass in identical form with or without amendments and with or without conference. (see more about Enrollment).
  • [Note 2] Proposals are referred to committees for preliminary consideration, then debated, amended, and passed (or rejected) by the full House or Senate. To prevent endless shuttling of bills between the House and Senate, bills like To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the purposes of certain provisions of the Internal Revenue Code of 1986, and for other purposes are referred to joint committees made up of members of both houses.
  • [Note 3] For more information regarding this legislative proposal, go to THOMAS, select “Bill Number,” search on (To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the purposes of certain provisions of the Internal Revenue Code of 1986, and for other purposes)
  • [Note 4] To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the purposes of certain provisions of the Internal Revenue Code of 1986, and for other purposes. The current official title of a bill is always present, assigned at introduction (for example, in this case, on 2004-11-16) and can be revised any time. This type of titles are sentences.
  • [Note 5] The Act is referred to the appropriate committee by the Speaker of any of the two Houses. Bills are placed on the calendar of the committee to which they have been assigned. See Assignment Process.
  • [Note 6] Regarding exceptions to President´s approval, a bill that is not signed (returned unsigned) by the President can still become law if at lest two thirds of each of the two bodys of the Congress votes to pass it, which is an infrequent case. See also Presidential Veto.
  • [Note 7] Legislative Proposal types can be: hr, hres, hjres, hconres, s, sres, sjres, sconres. An Act originating in the Senate is designated by the letter “S”, and a bill originating from the House of Representatives begins with “H.R.”, followed, in both cases, by its individual number which it retains throughout all its parliamentary process.
  • [Note 8] For information regarding related bill/s to To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the purposes of certain provisions of the Internal Revenue Code of 1986, and for other purposes, go to THOMAS.

Analysis

No analysis (criticism, advocacy, etc.) about To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the purposes of certain provisions of the Internal Revenue Code of 1986, and for other purposes submitted yet.

Associations, institutions, etc.
Churches
Defined contribution plans
Families
Income tax
Labor and employment
Pension funds
Religion
Tax-deferred compensation plans
Taxation
Youth services

Further Reading

  • “How our laws are made”, Edward F Willett; Jack Brooks, Washington, U.S. G.P.O.
  • “To make all laws : the Congress of the United States, 1789-1989”, James H Hutson- Washington, Library of Congress.
  • “Bills introduced and laws enacted: selected legislative statistics, 1947-1990”, Rozanne M Barry; Library of Congress. Congressional Research Service.

Related pieces of legislation:

  1. Internal Revenue Code Of 1954
  2. To amend the Internal Revenue Code of 1986 to include vaccines against seasonal influenza within the definition of taxable vaccines
  3. An Act to amend the Internal Revenue Code of 1954 to permit tax-free rollovers of distributions from employee retirement plans in the event of plan termination
  4. To amend the securities laws to permit church pension plans to be invested in collective trusts
  5. An Act to amend section 584 of the Internal Revenue Code of 1954 with respect to the treatment of affiliated banks for purposes of the common trust fund provisions of such code
  6. To amend the Internal Revenue Code of 1986 to restore the Highway Trust Fund balance
  7. To amend the Internal Revenue Code of 1986 to extend the Leaking Underground Storage Tank Trust Fund financing rate
  8. An Act to extend until March 15, 1986, the application of certain tobacco excise taxes, trade adjustment assistance, certain medicare reimbursement provisions, and borrowing authority under the railroad unemployment insurance program, and to amend the Internal Revenue Code of 1954 to extend for a temporary period certain tax provisions of current law which would otherwise expire at the end of 1985
  9. An Act to amend the Internal Revenue Code of 1986 to rename the education individual retirement accounts as the Coverdell education savings account
  10. An Act relating to the application of certain provisions of the Internal Revenue Code of 1954 to specified transactions by certain public employee retirement systems created by the State of New York or any of its political subdivisions
  11. An Act relating to the application of certain provisions of the Internal Revenue Code of 1954 to specified transactions by certain public employee retirement systems created by the State of New York or any of its political subdivisions
  12. An Act to amend the Internal Revenue Code of 1954 to waive in certain cases the residency requirements for deductions or exclusions of individuals living abroad, to allow the tax-free rollover of certain distributions from money purchase pension plans, and for other purposes
  13. An Act to change certain income tax provisions of the Internal Revenue Code of 1954, and for other purposes
  14. An Act to amend the Internal Revenue Code of 1986 to clarify the term of the Commissioner of Internal Revenue
  15. An Act to amend the Internal Revenue Code of 1954 to provide for a distribution deduction for certain cemetery perpetual care fund, to modify the effective dates of certain provision of the Tax Reform Act of 1976, and for other purposes
  16. To amend the Internal Revenue Code of 1986 to permanently extend the deduction for the health insurance costs of self-employed individuals, to repeal the provision permitting nonrecognition of gain on sales and exchanges effectuating policies of the Federal Communications Commission, and for other purposes
  17. To amend the Internal Revenue Code of 1986 to modify the taxation of arrow components
  18. To amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of certain disaster mitigation payments
  19. An act to amend the Internal Revenue Code of 1954 with respect to net operating loss carryovers of taxpayers who cease to be real estate investment trusts, to increase interest rates on certain United States retirement bonds, and for other purposes
  20. To amend the Internal Revenue Code of 1986 to simplify the reporting requirements relating to higher education tuition and related expenses

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