3.0.0 3615 2019-11-15T21:59:22Z 2019-11-15T21:59:22Z Senate S S 2008-09-26 110 ssfi00 Finance Committee Senate Standing Referred to 2008-09-26T18:08:38Z 2008-09-26 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2008-09-26 Introduced in Senate IntroReferral 10000 9 Library of Congress H001016 Sen. Hutchison, Kay Bailey [R-TX] KAY HUTCHISON R TX BAILEY N C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2008-09-26 True Taxation Churches Defined benefit pension plans Finance and Financial Sector Internal revenue law Investments Labor and Employment Pension funds Religion Tax-deferred compensation plans Taxation 00 2008-09-26 Introduced in Senate 2008-12-04T21:42:18Z Church Plan Clarification Act of 2008 - Amends Internal Revenue Code pension plan provisions to: (1) apply a special rule for determining the status of an employer participating in a church plan as a member of a controlled group of entities; and (2) allow certain tax-free transfers to and mergers of church plans that are maintained by the same church or association of churches.

Amends the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) to apply limitations on benefits and contributions under qualified employee plans to certain church defined benefit plans.

Allows church plans and their supporting organizations to invest plan assets in a group trust (as defined by Internal Revenue Service Revenue Rulings).

]]> Church Plan Clarification Act of 2008 Short Titles as Introduced Church Plan Clarification Act of 2008 Display Title Church Plan Clarification Act of 2008 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to clarify the treatment of church pension plans, and for other purposes. Introduced in Senate 2008-09-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3615is/xml/BILLS-110s3615is.xml 2008-09-26 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.