[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2040 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 2040

To provide for the treatment of Indian tribal governments under section 
              403(b) of the Internal Revenue Code of 1986.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 13, 1995

Mr. Shaw (for himself, Mr. McDermott, Mr. Kleczka, and Mr. Hastings of 
   Florida) introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To provide for the treatment of Indian tribal governments under section 
              403(b) of the Internal Revenue Code of 1986.
    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TREATMENT OF INDIAN TRIBAL GOVERNMENTS UNDER SECTION 403(b).

    In the case of any contract purchased in a plan year beginning 
before January 1, 1995, section 403(b) of the Internal Revenue Code of 
1986 shall be applied as if any reference to an employer described in 
section 501(c)(3) of the Internal Revenue Code of 1986 which is exempt 
from tax under section 501 of such Code included a reference to an 
employer which is an Indian tribal government (as defined by section 
7701(a)(40) of such Code), a subdivision of an Indian tribal government 
(determined in accordance with section 7871(d) of such Code), an agency 
or instrumentality of an Indian tribal government or subdivision 
thereof, or a corporation chartered under Federal, State, or tribal law 
which is owned in whole or in part by any of the foregoing.
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