[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 574 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 574

    To delay the application of the substantiation requirements to 
             reimbursement arrangements of certain loggers.


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                   IN THE SENATE OF THE UNITED STATES

                             April 15, 1997

Mr. Abraham (for himself and Mr. Levin) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
    To delay the application of the substantiation requirements to 
             reimbursement arrangements of certain loggers.

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

SECTION 1. DELAY IN APPLICATION OF SUBSTANTIATION REQUIREMENTS TO 
              LOGGERS.

    (a) In General.--In the case of any taxable year beginning before 
January 1, 1993--
            (1) a qualified logger reimbursement arrangement shall be 
        treated as an accountable plan for purposes of section 62(c) of 
        the Internal Revenue Code of 1986, and
            (2) payments to an employee under such arrangement shall be 
        deductible under section 62(a)(2) of such Code.
    (b) Qualified Logger Reimbursement Arrangement.--For purposes of 
subsection (a), the term ``qualified logger reimbursement arrangement'' 
means a reimbursement or other expense allowance arrangement in the 
timber industry under which a percentage (not greater than 25 percent) 
of a logger's compensation is treated as reimbursement for the use of 
the logger's chain saw.
    (c) Waiver of Limitations.--If refund or credit of any overpayment 
of tax resulting from the application of subsection (a) is prevented at 
any time before the close of the 1-year period beginning on the date of 
the enactment of this Act by the operation of any law or rule of law 
(including res judicata), such refund or credit may nevertheless be 
made or allowed if claim therefor is filed before the close of such 
period.
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