[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3012 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 3012

   To amend the Internal Revenue Code of 1986 to allow any employer 
 maintaining a defined benefit plan that is not a governmental plan to 
treat employee contributions as pretax employer contributions if picked 
                          up by the employer.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 3, 2001

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

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to allow any employer 
 maintaining a defined benefit plan that is not a governmental plan to 
treat employee contributions as pretax employer contributions if picked 
                          up by the employer.

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

SECTION 1. EXPANSION OF TREATMENT OF EMPLOYEE CONTRIBUTIONS AS PRETAX 
              EMPLOYER CONTRIBUTIONS.

    (a) In General.--Subsection (h) of section 414 of the Internal 
Revenue Code of 1986 is amended by adding at the end the following new 
paragraph:
            ``(3) Designation by nongovernmental employers.--For 
        purposes of paragraph (1), in the case of any plan that is not 
        a governmental plan (as defined in subsection (d)), where the 
        contributions of employing units are designated as employee 
        contributions but where any employing unit picks up the 
        contributions, the contributions picked up shall be treated as 
        employer contributions.''.
    (b) Effective Date.--The amendments made by subsection (a) shall 
apply to taxable years beginning after December 31, 2001.
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