[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5277 Introduced in House (IH)]







107th CONGRESS
  2d Session
                                H. R. 5277

  To clarify the tax status of the Young Men's Christian Association 
                            retirement fund.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 26, 2002

  Mr. English (for himself, Mr. Pomeroy, and Mr. Camp) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To clarify the tax status of the Young Men's Christian Association 
                            retirement fund.

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

SECTION 1. CLARIFICATION OF STATUS OF YOUNG MEN'S CHRISTIAN ASSOCIATION 
              RETIREMENT FUND.

    Section 1012(c)(4)(C)(i) of the Tax Reform Act of 1986 (100 Stat. 
2394) is amended by adding before the comma at the end thereof the 
following: ``(which shall be treated as an organization described in 
section 414(e)(3)(A) of the Internal Revenue Code of 1986, and whose 
retirement plans (including the reserve accounts for such plans) are 
deemed to be plans described in section 403(b)(9) for years on or after 
January 1, 2002)''.
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