[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 1028 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                S. 1028

To provide for the income tax treatment of certain distributions under 
                          a governmental plan.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                May 26 (legislative day, April 19), 1993

 Ms. Mikulski introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To provide for the income tax treatment of certain distributions under 
                          a governmental plan.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TREATMENT OF CERTAIN DISTRIBUTIONS UNDER A GOVERNMENTAL 
              PLAN.

    If--
            (1) during calendar years 1987, 1988, 1989, and 1990, 
        distributions were made under a governmental plan (as defined 
        in section 414(d) of the internal Revenue Code of 1986) in 
        connection with the transition to a new retirement system being 
        established by the governmental entity maintaining such plan,
            (2) one or more of the employees receiving such 
        distributions erroneously treated such distributions as 
        eligible for rollover treatment under section 402(a)(5) of such 
        Code, and
            (3) with respect to such distributions received in calendar 
        years 1987, 1988, and 1989, the Internal Revenue Service is 
        providing relief to employees who erroneously treated such 
        distributions as being so eligible,
the Internal Revenue Service shall provide the same relief for 
distributions received in calendar year 1990 as is being provided for 
distributions received in calendar years 1987, 1988, and 1989.

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