3.0.0 3532 2019-11-15T21:52:18Z 2019-11-15T21:52:18Z Senate S S 2012-09-12 112 ssfi00 Finance Committee Senate Standing Referred to 2012-09-12T17:47:20Z Retirement Plan Simplification and Enhancement Act of 2012 112 4050 HR 2012-03-29 Referred to the Subcommittee on Health, Employment, Labor, and Pensions. Related bill CRS Church Plan Clarification Act of 2011 112 143 S 2011-01-25 Read twice and referred to the Committee on Finance. Related bill CRS 2012-09-12 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6272-6273) IntroReferral 2012-09-12 Sponsor introductory remarks on measure. (CR S6272) IntroReferral B00100 9 Library of Congress 2012-09-12 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 2012-09-12 True Taxation Employee benefits and pensions Federal preemption Financial services and investments Income tax deferral Religion Tax-exempt organizations Taxation 00 2012-09-12 Introduced in Senate 2012-10-10T19:44:14Z Church Plan Clarification Act of 2012 - Amends the Internal Revenue Code to declare that an organization otherwise eligible to participate in a church plan shall not be aggregated with another such organization and treated as a single employer with it unless: (1) one organization provides directly or indirectly at least 80% of the operating funds for the other one during the recipient organization's preceding tax year, and (2) there is a degree of common management or supervision between the organizations.

Preempts any state law which would directly or indirectly prohibit or restrict the inclusion in any church plan of an automatic contribution arrangement.

Excludes from gross income amounts attributable to transfers of and mergers of church plans that are maintained by the same church or convention or association of churches.

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 2012 Short Titles as Introduced Church Plan Clarification Act of 2012 Display Title Church Plan Clarification Act of 2012 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 2012-09-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s3532is/xml/BILLS-112s3532is.xml 2012-09-12 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6272-6273) 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.