To amend the Internal Revenue Code of 1986 to provide for residents of Puerto Rico who participate in cafeteria plans under the Puerto Rican tax laws an exclusion from employment taxes which is comparable to the exclusion that applies to cafeteria plans under such Code.

3.0.0 2373 2023-01-11T14:50:57Z 2023-01-11T14:50:57Z Senate S S 2007-11-15 110 ssfi00 Finance Committee Senate Standing Referred to 2007-11-16T00:05:17Z To amend the Internal Revenue Code of 1986 to provide for residents of Puerto Rico who participate in cafeteria plans under the Puerto Rican tax laws an exclusion from employment taxes which is comparable to the exclusion that applies to cafeteria plans under such Code. 110 2238 HR 2007-05-09 Referred to the House Committee on Ways and Means. Identical bill CRS 2007-11-15 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-11-15 Introduced in Senate IntroReferral 10000 9 Library of Congress S001163 Sen. Salazar, Ken [D-CO] Ken Salazar D CO N K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2007-11-15 True B000468 Sen. Bingaman, Jeff [D-NM] JESSE BINGAMAN D NM FRANCIS 2008-05-06 False Taxation Flexible benefit plans Income tax Labor and Employment Old age, survivors and disability insurance Payroll deductions Puerto Ricans Puerto Rico Social Welfare Social security taxes Tax exclusion Tax exemption Unemployment insurance Wages Withholding tax Taxation

00 2007-11-15 Introduced in Senate 2007-11-30T20:59:05Z Amends the Internal Revenue Code to exempt from employment and unemployment taxes payments made on behalf of Puerto Rican residents participating in tax-exempt employee benefit cafeteria plans established under Puerto Rican law.

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A bill to amend the Internal Revenue Code of 1986 to provide for residents of Puerto Rico who participate in cafeteria plans under the Puerto Rican tax laws an exclusion from employment taxes which is comparable to the exclusion that applies to cafeteria plans under such Code. Display Title A bill to amend the Internal Revenue Code of 1986 to provide for residents of Puerto Rico who participate in cafeteria plans under the Puerto Rican tax laws an exclusion from employment taxes which is comparable to the exclusion that applies to cafeteria plans under such Code. Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide for residents of Puerto Rico who participate in cafeteria plans under the Puerto Rican tax laws an exclusion from employment taxes which is comparable to the exclusion that applies to cafeteria plans under such Code. Introduced in Senate IS Introduced in Senate 2007-11-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2373is/xml/BILLS-110s2373is.xml 2007-11-15 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.