[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3095 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 3095

    To amend the Internal Revenue Code of 1986 with respect to the 
 treatment of certain lump sum distributions under the pension offset 
    requirements applicable to State unemployment compensation laws.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 21, 1993

   Mr. Camp introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
    To amend the Internal Revenue Code of 1986 with respect to the 
 treatment of certain lump sum distributions under the pension offset 
    requirements applicable to State unemployment compensation laws.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That (a) paragraph (15) 
of section 3304(a) of the Internal Revenue Code of 1986 (relating to 
requirements for approval of State unemployment compensation laws) is 
amended by striking ``and'' at the end of subparagraph (A), by 
redesignating subparagraph (B) as subparagraph (C), and by inserting 
after subparagraph (A) the following new subparagraph:
                    ``(B) the requirements of this paragraph shall not 
                apply to any distribution or payment to the extent such 
                distribution or payment is not includible in the gross 
                income of the individual under subtitle A by reason of 
                being a direct trustee-to-trustee transfer or by reason 
                of a rollover contribution; and''.
    (b) The amendment made by subsection (a) shall take effect on the 
date of the enactment of this Act.

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